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U.S. Charges Iranian Company and Executives with Sanctions Violations

(Wall Street Journal) Mengqi Sun - The U.S. charged an Iranian online financial services company, Payment24, and two of its senior executives, Seyed Sajjad Shahidian and Vahid Vali, with conspiracy to commit offenses against the U.S., money laundering, identity theft and wire fraud, according to an indictment unsealed Monday in federal court in Minnesota. Prosecutors alleged that Payment24 primarily helped Iranian citizens circumvent U.S. sanctions to conduct transactions with U.S.-based businesses from 2009 to November 2018. The U.S. has broad sanctions on Iran, prohibiting exports of U.S. goods, technology or services to Iran.
2020-05-22 00:00:00
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