The case against any IMF loan to #Iran is obvious to most Americans. Yet on the eve of IMF spring meeting, the regime's supporters are keeping up the fight. Here's a 'Top 10' (of many) reasons shareholders should oppose along with recent @FDD policy brief. fdd.org/analysis/2020/…
Iran doesn’t need the #IMF’s money to fight #coronavirus. Khamenei just tapped 1 bil euro from his sovereign wealth fund. More available in his $200 billion business empire. Why is this still a topic of conversation? en.radiofarda.com/a/khamenei-agr…
Iranian FM @JZarif recently tweeted the truth: the whole campaign has nothing to do with battling the virus; it’s about getting an international economic bailout without abandoning terrorism, nuclear expansions, missile testing, human rights abuses, etc.
The 39-member Financial Action Task Force (including Russia/China) recently warned the global banking community not to interact with Iran’s financial sector due to money laundering concerns. International financial institutions can’t look the other way. fatf-gafi.org/publications/h…
The U.S. Treasury Department’s Financial Crimes Enforcement Network has found Iran’s entire financial system to be a jurisdiction of primary money laundering concern. fincen.gov/sites/default/…
The Central Bank of Iran – designated by the United States for its direct financing of terrorism – lacks the independence of a normal central bank and engages in a range of money laundering activities. home.treasury.gov/news/press-rel…
The Islamic Republic’s rampant corruption and money laundering practices are rooted in a financial structure that runs contrary to IMF rules by operating multiple currency exchange rates. imf.org/external/Selec…)
Iran’s banking system is an inefficient structure where politically connected figures embezzle billions of dollars from ordinary depositors. en.radiofarda.com/a/more-high-le…
Firms controlled by the military or by the supreme leader, Ali Khamenei, dominate the Iranian economy. nationalinterest.org/feature/who-re…
Businesses owned and controlled by the Islamic Revolutionary Guard Corps (whose affiliates are subject to UN sanctions) or Iran's supreme leader account for 20 to 25 percent of the value of all firms listed on the Tehran Stock Exchange. nationalinterest.org/feature/who-re…
AND THIS: Engaging in money laundering within the IMF (e.g. selling Iran's assets to a 3rd party to then transfer to Iran) would cause irreparable harm to the institution & likely put foreign financial institutions, including those owned by governments, at risk of US sanctions.
