Daily Alert Archives

U.S. Prosecutors Link Money from China to Iran

(New York Times) Jessica Silver-Greenberg - U.S. prosecutors say they have unearthed evidence that Chinese banks may have flouted U.S. sanctions against Iran. They are concerned that Chinese banks with operations in New York may allow clients suspected of financing weapons development to open accounts in China, and then get access to dollars through money transfers from a foreign bank by way of its American subsidiary.
2012-08-30 00:00:00
Full Article