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NY regulator: British bank helped Iran evade sanctions, hide billions

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posted on Aug, 6 2012 @ 05:27 PM
New York's Department of Financial Services apparently uncovered a sinister plot to "hide" financial transactions by Iran through a British bank !!

And it looks like an American branch was used.

The report also suggests the transactions were open to criminal activities as well.

The Hill -- Aug 6, 2012

A British bank has been accused of flouting U.S. money-laundering laws by helping Iran hide at least $250 billion from regulators over the last decade, operating as a "rogue institution," according to a New York state regulatory report.

New York's Department of Financial Services issued a lengthy report Monday that found that a branch of Standard Chartered repeatedly helped the Iranian government skirt sanctions by steering funds through its New York branch across roughly 60,000 transactions, and could have its license to operate in New York revoked.

The bank's actions "left the U.S. financial system vulnerable to terrorists, weapons dealers, drug kingpins and corrupt regimes, and deprived law enforcement investigators of crucial information used to track all manner of criminal activity," according to the regulator.......[story continues]

NY regulator: British bank helped Iran evade sanctions, hide billions

:shk: Banks :shk:

posted on Aug, 6 2012 @ 05:30 PM
Um, who else is not shocked at all?
Banks have been playing both sides of every diplomatic situation for hundreds of years

posted on Aug, 6 2012 @ 05:38 PM
I wonder if U.S. officials will label the perpetrators terrorists? After all, they're aiding the proclaimed terrorists. Bunch of hypocrites, tho whole lot of them.ETA: Maybe we could order some drone strikes on the positions of these terrorists. What's good for the goose is good for the gander right?
edit on 6-8-2012 by GD21D because: (no reason given)

posted on Aug, 6 2012 @ 09:21 PM
Consider this fact..........The criminal cartels and gangs that run world crime syndicates, can do NOTHING
Without the collusion of the big banks.........
Without help from one crrokrd bank or another, they coud not begin to launder such huge sums as they take in.....We are talking semi trailers oaded with bills here people......
The banks need to be deepy investigated and severed from their criminal partners......
This is just one side aspect to the banks guilt......

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