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The latest news and views about financial corruption

‘Sultan of Cars’, His Wife Sentenced to Death in Iran

‘Sultan of Cars’, His Wife Sentenced to Death in Iran

Iran has given death penalties to a man and his wife who had hoarded more than 6,700 automobiles and disrupted the car market and are also convicted of money-laundering involving a sum of 32 trillion rials.
Hemmati

‘Iran Working on Forex Plans Independent of INSTEX’

The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.
FATF’s Blacklisting of Iran; Threat or Opportunity?

Iran Says FATF Ratification Depends on Trump’s Behaviour

Ahmad Tavakoli, a member of Iran’s Expediency Council, says the country’s ratification of the bills required for taking Iran out of the FATF blacklist depends on the US president’s behaviours, and thus the Council has postponed reviewing the bills until a ripe time.
Foreign Ministry Condemns FATF’s Blacklisting of Iran

FATF Extends Iran’s Deadline until October

The Financial Action Task Force (FATF) said Iran had until October to meet international standards against money-laundering and terror financing.

Oil Ministry Embezzler Arrested before Fleeing Iran: Report

A financial officer working with the Iranian Oil Ministry has been arrested before fleeing the country, charged with embezzling $25 million.
Raisi

Law to Monitor Iranian Officials’ Assets Coming into Force

Iran's Judiciary chief says an executive bylaw on looking into government officials' property and assets will soon come into force.

Iran Warns Canada against Giving Asylum to Embezzlers

Iran’s Attorney General has called on the Canadian judiciary and police to prevent their country from turning into a centre of frauds and a safe haven for embezzlers.

Iranian Canadians Sign Petition against Two Fugitive Embezzlers

Members of the Iranian-Canadian community have signed a petition against two Iranian embezzlers who are now living in Canada after escaping justice in Iran.

‘Iran’s Trade with World to Get More Difficult without FATF’

Iranian Foreign Ministry Spokesman Bahram Qassemi says adoption of the standards set by the Financial Action Task Force (FATF) is not expected to remove all economic problems of Iran but failing to adopt them will hamper the country’s trade exchange with the outside world.
FATF’s Blacklisting of Iran; Threat or Opportunity?

FATF Accession Key to Surviving US Sanctions: Iran

If the Islamic Republic is to continue its trade exchanges with the outside world amid the harsh sanctions imposed on the country, it needs some specific work tools, one of which is the Financial Action Task Force (FATF), says Hossein Gharibi, an assistant to Iran’s foreign minister.