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Standard Chartered Bank is back in trouble again. Already part of an agreement with the DOJ, they allowed the laundering of $240M in Iranian cash from 2007-2011 through their Dubai, UAE branch. #ButNothingsHappening
justice.gov/opa/pr/standar…
justice.gov/opa/pr/standar…
Looks like their total hit in fines & surrendered assets is $1.6 Billion.
The UK penalty is $477M, NY $292M, & DOJ 292M
They also have to add 2 more years onto their cooperation agreement that was filed for charges from before 2007. Now they get to cooperate on crimes after 2011
The UK penalty is $477M, NY $292M, & DOJ 292M
They also have to add 2 more years onto their cooperation agreement that was filed for charges from before 2007. Now they get to cooperate on crimes after 2011
An unidentified bank employee has plead guilty in DC & is cooperating with authorities. I'm sure the timing of this announcement is connected to the designation of IRGC as a terrorist organization yesterday. DC US Attorney Jessie K. Liu says this harmed US national security.
The banks now have to hand over the receipts, so the person in Iran has also been indicted in this case.
This is how you gain influence & get the local & state authorities involved in hunting #MoneyLaundering. Let NY State collect $492M & let the D.A. brag about it so he can win reelection if he keeps playing this game!
Hum, a money exchange business in Iran using shell companies to launder US$ through the global money system. I'm sure none of that money was used in Iran's nuclear or terrorism networks!
I love this line! Once shown the receipts that proved they are guilty, the bank provided substantial cooperation & handed over the rest of the receipts! #ButNothingsHappening
The indictment for Elyassi is here but the announcement discusses coconspirators who are not named. Yet...
justice.gov/opa/press-rele…
justice.gov/opa/press-rele…
Interesting but scrubbed details in the indictment. Laundering money into & out of the US AND into China. Wonder if this is related to Huawei & their Iranian money laundering?
Person A & B, the bank employees taught them how to structure the money laundering to avoid detection by the bank or US authorities. Person A has plead guilty & is cooperating. They also lied to the bank to conceal the Iranian connections.
#ButNothingsHappening All of these cases will just disappear with no consequences if you listen to naysayers who aren't watching what is really happening!
This thread got broken, but it continues here. Makes me wonder if this is connected to #ProjectCassandra the DEA drugs & money laundering investigation that were shut down to keep Iran happy.
