Anti-Financial Crime & Financial Crime Compliance
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NEWS: Sanctioned Iran oil company used front companies to open UK bank accounts in Lloyds and Santander

TWO of Britain’s biggest banks were used by Iran covertly evade sanctions and move money around the world, it’s been claimed. Lloyds and Santander UK provided accounts to British front companies set up by Iranian intelligence, the Financial Times reported. The media outlet claimed the accounts were ultimately owned by an Iranian petrochemicals company which…

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