The case came to light after the general prosecution revealed in February that some seven billion dollars have disappeared from Future Bank’s records and were used to finance Iranian groups, in violation of sanctions imposed against the country.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…1278 | the publication reaches you by | Bahrain News
The Public Prosecution had previously revealed that its investigations have uncovered a plan that permitted Iranian entities, including those implicated in funding terrorism or which are under international sanctions, to carry out international transactions while avoiding organizational auditing.
Future Bank, which is operating under the supervision of Bank Melli Iran and the Export Development Bank of Iran, has carried out thousands of international financial transactions while providing covers for the Iranian entities there through deliberate concealment or removal of basic information while remitting money via the SWIFT network.
The Public Prosecution referred the Future Bank officials and the other implicated banks to the High Crimi
Do you have information you want to reach our readers?