Iran Regime's Money Laundering Through Venezuela

Iran may have accepted an illegal payment from the Venezuelan government, which could undermine the recent renewal of US sanctions towards Iran. An Iranian company provided works for the Venezuelan government and was reportedly paid $3 billion US, which led the US’s Attorney’s Office to suspect money laundering. According to Armin Rosen at the Tablet, Iran and Venezuela are “natural allies” and share common enemies (Israel and the US). This is not even the first instance of suspect economic behaviour between the two nations. Back in 2008, the Iranian Bank Saderat (which was then on the US Treasury Department’s Specially Designated Nationals list) helped to set up a bank in Venezuela, which was in part owned by Saderat. More…