by oldedude on June 24, 2025 12:23 pm
I provided the necessary info to back up my end of the debate - that the money BELONGED to Iran and we HAD to return it (like every other nation) and OD somehow failed to mention he was involved in the transaction at the time - only NOW bringing it up because he obviously could not find anything (not even on Fox) that backed up his fairy tale that Biden and Obama gave Iran billions of dollars... why? Just because Fox said so?
You didn't cite. I will now, sorry for the confusion. You've never been able to understand the Bank secrecy act before, so I wouldn't expect you to understand differently now.
(WSJ) You’d think the Biden Administration would have realized by now that enriching the Iranian regime is a dangerous mistake. You’d be wrong. Relaxed U.S. enforcement of oil sanctions continued through October, refilling Supreme Leader Ali Khamenei’s coffers even after the Oct. 7 slaughter and the more than 40 attacks on U.S. troops by Iran’s proxies in the weeks since.[1]
(DIA)The Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury (Treasury) took two significant steps against Iran on June 6, 2025: OFAC issued several designations targeting an Iranian “shadow banking network,” and FinCEN issued a new advisory on Iranian illicit use of financial networks.
The 2025 Advisory also reminded financial institutions of their reporting and recordkeeping obligations under the BSA, including to file SARs when they know, suspect, or have reason to suspect involvement in illicit Iranian activity. Other BSA obligations include the filing of a:
Currency Transaction Report (CTR),
Report of Cash Payments Over $10,000 Received in a Trade or Business (Form 8300),
Report of Foreign Bank and Financial Accounts (FBAR),
Report of International Transportation of Currency or Monetary Instruments (CMIR),
Registration of Money Services Business (RMSB), and
Designation of Exempt Person (DOEP).
Further, FinCEN requested in the 2025 Advisory that “financial institutions reference this Advisory in SAR field 2 (‘Filing Institution Note to FinCEN’) and the narrative by including the key term ‘IRAN-2025-A002.’” FinCEN also encouraged financial institutions to share information with each other under Section 314(b) of the USA PATRIOT Act – a voluntary program – to assist other financial institutions in identifying and preventing terrorist financing and money laundering.
FinCEN was also a large part of this because they hold the banking information. It's at https://www.fincen.gov/sites/default/files/advisory/2025-06-06/FinCEN-Advisory-Illicit-Oil-Smuggling-508.pdf
(OCCRP)With attention focused on Zarrab and his Turkish co-conspirators, another network — operated by a man living in Stockholm — flew under the radar even as it helped sell sanctioned Iranian oil to China.
An Iraqi man who lives in Stockholm, and has Iranian ties, operated a company registered in Hong Kong called HMEA.
HMEA moved at least $450 million through seven international banks in just two years. Nearly a quarter represented oil payments between China and Iran.
The company also conducted transactions with other questionable players and money laundering networks.
The timing of the company’s formation and the scale of its transactions suggest that HMEA was part of a coordinated Iranian response to tightening U.S. sanctions.
And OD(that's me) - again has to explain YET AGAIN to the child how the real-world works. 6 TIMES NOW.
wsj.com
foreignpolicy.com
dlapiper.com
occrp.org
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EDGARTOWN, MA — With the news that the U.S. military had carried out a successful bombing operation in Iran over the weekend, former President Barack Obama was reportedly distraught that President Donald Trump had bombed the cool nuke factory he had paid for.
