RealNews

U.S. Asks Finance Chiefs to Limit Iran’s Access to Banks

The United States pressed the top finance officials of the world’s leading industrial nations on Saturday to crack down on what Treasury Secretary Henry M. Paulson Jr. said was the exploitation of their banking systems by at least 30 Iranian front companies involved in illicit activities. Mr. Paulson said he had told the finance and economic ministers that the front companies were identified by American intelligence agencies as funneling money to terrororist groups using banks in Europe and elsewhere, many of them “blue chip banks.” Mr. Paulson said that many leading trading companies in Iran with legitimate business operations were also involved in the illicit activities, and that it behooved any legitimate bank to realize that it was risky to continue doing even legitimate business with the companies. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.