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Source: http://www.jpost.com/IranianThreat/News/Article.aspx?id=224589
UN: Iran Buying Foreign Banks to Sidestep Sanctions
(Jerusalem Post) Yaakov Katz - Iran is trying to purchase foreign banks around the world in an effort to circumvent sanctions aimed at preventing the delivery of nuclear and missile components to it, according to a report prepared for the UN Security Council three weeks ago by the UN Panel of Experts, a group that monitors compliance with UN sanctions imposed on Iran. Iran has made 10 different attempts to buy foreign banks since 2009, and has also tried setting up banking institutions in parts of South America. Iran uses a fleet of cargo freighters controlled by the state-owned IRISL shipping company. Between late 2008 and mid-2010, 76 out of 123 IRISL vessels were renamed.