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 UK Shadow Banking Money Laundering Treasury Dr. Farhad Zarringhalam Network London Tehran Regime Nuclear Programmes Missile Programmes Terror Attacks US European Sanctions Her Majesty's Treasury Allegations
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