Iran General NewsManhattan district attorney probes British bank over Iran

Manhattan district attorney probes British bank over Iran

-

New York Sun: The British bank Barclays is under the scrutiny of New York and federal authorities who are investigating whether the bank violated American sanctions against permitting countries such as Iran and Sudan to access American banks. The New York Sun

By JOSEPH GOLDSTEIN
Staff Reporter of the Sun

The British bank Barclays is under the scrutiny of New York and federal authorities who are investigating whether the bank violated American sanctions against permitting countries such as Iran and Sudan to access American banks.

The bank, in its year-end report released this week, disclosed that it has “received inquiries” from the Manhattan district attorney, Robert Morgenthau, and the United States’ Department of Justice. The bank is cooperating with regulators, according to the report. Federal sanctions attempt to prevent banks in America from handling funds linked to Iran, North Korea, Sudan, and Cuba, and several other countries. Barclays’ disclosure does not indicate on which country or countries the investigations of Mr. Morgenthau or the Justice Department are focused.

The report says that the bank is “conducting an internal review of its conduct with respect to US dollar payments involving countries, persons or entities subject to these sanctions.”

The New York Sun reported in December that Mr. Morgenthau’s office and the Treasury Department’s Office of Foreign Assets Control were investigating whether New York banks had been deceived of the fact that money transfers handled here were ultimately going to or coming from Iran.

Barclays’ disclosure does not indicate that it has received any subpoenas relating to the investigation.

Latest news

Iran’s 2023 Budget Shrouded In Doubt

On January 22, the Majlis (parliament) approved the draft of the 2023 budget bill proposed by regime president Ebrahim...

Iran: People of Khoy Still Reeling From 5.9-Magnitude Earthquake

An earthquake with a magnitude of 5.9 struck northwest Iran on Saturday, killing at least three people and injuring...

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Must read

Report: Jailed Iranian filmmaker on hunger strike

AP: A pro-reform Iranian website is reporting that acclaimed...

Iran’s top leader seeks to secure clerics’ support

AP: Iran's supreme leader pushed defiant senior clerics to...

You might also likeRELATED
Recommended to you