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Iranian sanctions-evasion operation in the heart of London

London | Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services.

Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial Times.

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    Original URL: https://www.afr.com/world/middle-east/iranian-sanctions-evasion-operation-in-the-heart-of-london-20240205-p5f2hj