Banking on the dollar: How Iran keeps $9bn flowing through US banks despite sanctions
- US sanctions on Iran undermined by $9B in funds still passing through American banks (AI-generated image)The US is trying to squeeze Iran out of the global financial system.
- But a Wall Street Journal investigation has found that billions of dollars linked to Iran still pass through US banks each year, exposing a striking weakness in Washington’s sanctions campaign.
- Iranian funds can reach American banks indirectly through foreign financial institutions that maintain correspondent-banking relationships with US lenders.
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- US sanctions on Iran undermined by $9B in funds still passing through American banks (AI-generated image)The US is trying to squeeze Iran out of the global financial system.
- But a Wall Street Journal investigation has found that billions of dollars linked to Iran still pass through US banks each year, exposing a striking weakness in Washington’s sanctions campaign.
- Iranian funds can reach American banks indirectly through foreign financial institutions that maintain correspondent-banking relationships with US lenders.
Sources: Times of India