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U.S. Warns that Iran Could Use Fraud to Duck Sanctions

(New York Times) Gardiner Harris - The Trump administration warned the world's banks on Thursday that Tehran might try to use duplicitous means to soften the bite of sanctions and continue to fund terrorism. Iran's bankers and officials have used front companies, fraudulent documents and other measures to generate revenue for the country's terrorist activities, the administration said. The warning is part of a coordinated campaign by the administration to persuade banks and corporations around the world to sever all commercial ties with Iran, not only because of looming American sanctions but also because it says Tehran diverts even seemingly innocuous transactions toward illicit ends. Sanctions banning transactions with Iran's central bank, shipping companies and oil suppliers are scheduled to take effect on Nov. 5.
2018-10-12 00:00:00
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