The Central Bank of Iraq (CBI) has revoked the operating license of Iran’s largest bank, Bank Melli Iran, citing international sanctions and the bank's limited operations in Iraq. Concurrently, Iraq banned eight local commercial banks from trading dollars following a visit by a top U.S. Treasury official, aiming to reduce fraud and money laundering. In Germany, Varengold Bank in Hamburg, which was contacted by UANI in 2017 and 2018 regarding its correspondent banking role for an Iranian conference, is under investigation for money laundering. Western intelligence has provided evidence that Varengold Bank AG helped fund Iran's terror affiliates, resulting in the bank curtailing its commercial banking operations. Hamburg is also noted for hosting three U.S.-sanctioned Iranian banks: Bank Melli, Bank Saderat, and EIH.
It's surely not a coincidence that Hamburg is also home to three U.S.-sanctioned Iranian banks: Bank Melli, Bank Saderat, EIH. https://t.co/K7Vxv6yiGN https://t.co/k29YroAr08
🚨What is it about banks in Hamburg? “No one ever connected the dots” Read our exclusive on how Varengold, a small Hamburg bank, allegedly laundered billions for #Iran's terror network with the money flowing to Hezbollah, the Houthis and Hamas, all under the nose of the German…
🇮🇶🇺🇸🚨‼️ "Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official. The banks are banned from accessing the… https://t.co/FX06qE8Dd3
.@UANI wrote to Varengold Bank in 2017 and 2018 regarding its apparent correspondent banking role for an Iranian conference. We even wrote in German: https://t.co/ZqD1B4y0MP https://t.co/WuRZfSoNGz
POLITICO can reveal that western intelligence flagged evidence to #Germany that #Iran was using Varengold Bank AG to fund its terror affiliates, and it forced the bank to all but shut down its commercial banking operations. 1/2 https://t.co/lWUPvRDaxp
Iraq has banned its 8 commercial banks from trading dollars 🔺Together with the BRICS de-dollarization program, Iraq banned eight of its banks from conducting transactions with US dollars. 🔺Some local banks will no longer have access to the dollar reserves of the Central Bank… https://t.co/a6GqshWNIC
On how Iranian money laundering works. Hamburg bank Varengold bank being busted. Bank claims they did not know the connections to terrorism before BaFin started to investigate (could be true). https://t.co/2FJtKE0ffb https://t.co/p2d1dDM1fU
⚠️ IRAQ'S CENTRAL BANK REVOKES IRAN'S BANK MELLI OPERATING LICENCE (Reuters) The Central Bank of Iraq (CBI) has revoked the operating licence of Iran's largest bank, Bank Melli Iran, citing international sanctions and the bank's limited operations in Iraq, a CBI document… https://t.co/L4J0ffpM0f
The Central Bank of #Iraq (CBI) has revoked the operating license of Iran’s largest bank, Bank #Melli #Iran, citing international sanctions and the bank’s limited operations in Iraq, a CBI document verified by two CBI officials shows.' https://t.co/cAvoaZAVud