Dr. Farhad Zarringhalam, along with his uncles, brothers, and two others from the UK, have been sanctioned for operating a shadow banking network to launder money for the Iranian regime. The network facilitated billions of pounds shifting in contravention of US and European sanctions, enabling the Islamic Revolutionary Guard Corps to acquire weapons.
A British engineer and four family members have been sanctioned by the UK Treasury for running a ' shadow banking network ' that laundered billions of pounds for the Iranian regime.
The engineer, Dr. Farhad Zarringhalam, completed a PhD on mobile cellular networks at King's College, London. The family's activities involved running a shadow banking scheme for the Tehran regime through a network of money exchanges and front companies based in China and the UAE, channelling billions of pounds from Iranian oil sales in violation of US and European sanctions. Dr. Zarringhalam denied any wrongdoing, stating that the sanctions are a misunderstanding of the facts.
The US Treasury had sanctioned other members of the family last year for evading sanctions and money laundering activities. UK sanctions were made to respond to a rise in attacks against Jewish targets in Britain, possibly instigated by IRGC spies hiring local criminals
Iranian Engineer UK Treasury Sanctions Shadow Banking Network Laundering Money Tehran Regime Islamic Revolutionary Guard Corps Iranian Oil Sales
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US suspects Iranian hackers breached gas stations: reportHackers reportedly took advantage of automatic tank gauge systems that were connected to the internet without password protection.
Read more »
RAF's Breakthrough Guidance System Slashes Cost of Interdicting Russian and Iranian DronesA significant development in UK air defense capabilities, the RAF's Advanced Precision Kill Weapon System (APKWS) uses laser targeting designators to make unguided rockets highly effective at downing primitive Shahed drones. This game changer is expected to free up more advanced and expensive missiles for more challenging targets and significantly enhance RAF Typhoon's air defense capability.
Read more »
RAF's Breakthrough Guidance System Slashes Cost of Interdicting Russian and Iranian DronesA significant development in UK air defense capabilities, the RAF's Advanced Precision Kill Weapon System (APKWS) uses laser targeting designators to make unguided rockets highly effective at downing primitive Shahed drones. This game changer is expected to free up more advanced and expensive missiles for more challenging targets and significantly enhance RAF Typhoon's air defense capability.
Read more »
British engineer and family members face sanctions for running shadow banking network for Iranian regimeDr. Farhad Zarringhalam, along with his uncles, brothers, and two others from the UK, have been sanctioned for operating a shadow banking network to launder money for the Iranian regime. The network facilitated billions of pounds shifting in contravention of US and European sanctions, enabling the Islamic Revolutionary Guard Corps to acquire weapons.
Read more »