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East Asian Consortium BV v. Bank of America et al: Discovery Application

February 02, 2021 - Application by East Asian Consortium B.V., of the Netherlands, to take discovery from the New York branches of Bank of America, N.A., Bank of New York Mellon, BNP Paribas USA, China Construction Bank, Citibank N.A., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., MashreqBank PSC, Standard Chartered Bank, and Wells Fargo Bank, N.A. for use in legal proceedings in South Africa "against MTN Group Ltd., MTN International (Mauritius) Ltd., Mobile Telephone Networks Holding (Pty) Limited, MTN International (Pty) Ltd., Phutuma Freedom Nhleko, and Irene Charnley", filed at the U. S. District Court for the Southern District of New York.

Winfred Wamai et al v. Industrial Bank of Korea: Complaint

January 14, 2021 - Complaint regarding "Iran's fraudulent conveyances" in Winfred Wairimu Wamai and 322 other "direct victims and surviving family members of the Embassy Bombings" in Tanzania and Kenya that "were carried out with the critical material support of the Iranian government" v. Industrial Bank of Korea, of South Korea, at the U. S. District Court for the Southern District of New York.

Pilatus Bank Plc v. Lawrence Connell: Discovery Application

November 13, 2020 - Ex Parte Application by Pilatus Bank Plc, of Malta, to take discovery from Lawrence Connell for use in legal proceedings "pending before the Court of Justice of the European Union" in which "Pilatus seeks an order annulling the ... withdrawal of its banking license" by the European Central Bank and a contemplated "separate legal action against the ECB for damages relating to the ... treatment of the bank" by the ECB and the Malta Financial Services Authority, filed at the U. S. District Court for the District of New Hampshire.

USA v. Chin Hua Huang et al: Criminal Complaint

November 10, 2020 - Criminal Complaint accusing the defendants of "knowingly and willfully conspiring to cause goods that originated in the United States to be exported and shipped to Iran without a U.S. government license" in USA v. Chin Hua Huang, a.k.a. Jinee Huang, of Taiwan; DES International Co. Ltd., of Taiwan, and Soltech Industry Co. Ltd., of Brunei, at the U. S. District Court for the District of Columbia.

USA v. Funds Held by RAKIA: Forfeiture Complaint

June 03, 2020 - Forfeiture Complaint regarding "an international conspiracy to launder funds traceable to violations of the International Emergency Economic Powers Act ... and a scheme to defraud financial institutions in the Republic of Korea" in USA v. AED 73 million in the custody of Ras Al Khaimah Investment Authority and "All Claims Filed And Asserted" by VI2 Partners GmbH, of Austria, against Ras Al Khaimah Investment Authority Georgia LLC in the Republic of Georgia at the U. S. District Court for the District of Alaska.

USA v. Petroleum Tanker Nautic: Forfeiture Complaint

May 01, 2020 - Forfeiture Complaint regarding "the unlawful use of the U.S. financial system to support and finance Iran's transport and sale of oil products to benefit sanctioned Iranian entities" in USA v. $12,3 million fo funds "associated with petroleum tanker Nautic", a.k.a. Gulf Sky, at the U. S. District Court for the District of Columbia.

USA v. Amir Abdolaziz Dianat et al: Arrest Warrant Affidavit

April 30, 2020 - Affidavit in support of application for arrest warrant alleging "knowingly and willfully conspiring with each other and persons in Iran to use the U.S. financial system to procure a petroleum tanker named Nautic, and later renamed to the Gulf Sky, in violation of the Iranian Transactions and Sanctions Regulations" in USA v. Amir Abdolaziz Dianat, a.k.a. Ameer Abdulaazeez Jaafar, and Kamran Ali Lajmiry, a.k.a. Kamran Ali Lajmiri, at the U. S. District Curt for the District of Columbia.

USA v. Industrial Bank of Korea: Criminal Information

April 27, 2020 - Criminal Information for "Willful Failure to Maintain an Adequate Anti-Money Laundering Program in Violation of the Bank Secrecy Act" in USA v. Industrial Bank of Korea at the U. S. District Court for the Southern District of New York.

USA v. Industrial Bank of Korea: $51M Forfeiture Complaint

April 20, 2020 - Forfeiture Complaint under a Deferred Prosecution Agreement for violations of the Bank Secrecy Act regarding "a scheme to violate U.S. economic sanctions relating to Iran" by "Kenneth Zong and others" in USA v. $51 Million at Industrial Bank of Korea at the U. S. District Court for the Southern District of New York.

Standard Chartered Bank sued for 'retaliating' against 'Iran money laundering whistleblowers'

December 24, 2019 - Two "whistleblowers" in India and England are suing the British, Dubai and New York operations of their former employer, Standard Chartered Bank, for allegedly retaliating against them for exposing "a highly sophisticated money laundering scheme on behalf of Iran".

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.