Economic Warfare against Iran
What is less understood is Tehran's abuse of the financial sector, banks, front companies, and other deceptive techniques to evade controls responsible countries have instituted to stop it from achieving nuclearization.
What is less understood is Tehran's abuse of the financial sector, banks, front companies, and other deceptive techniques to evade controls responsible countries have instituted to stop it from achieving nuclearization.
After a two-year manhunt, the United States Drug Enforcement Agency last week arrested Colombian drug kingpin Javier Antonio Calle Serna, a senior leader of Los Rastrojos, one of the country’s most formidable drug-trafficking organizations. After being indicted last summer by the Eastern District of New York, Serna reportedly felt so squeezed by the agency and rival drug dealers that he began negotiating for his surrender.
The Financial Action Task Force (FATF) was established by the G7 in 1989 to combat money laundering and terrorism finance.
Being on the FATF "high-risk" country list may not sound terrible but, in some circles, it is akin to being labelled a financial pariah.
Though news reports generally give a very different impression, Russia is actually playing a constructive role in dealing with the multifaceted issue of Iran's nuclear program. One hint came last month, when Russia's second-largest financial institution closed the accounts of Iran's embassy in Moscow. While given little attention by the media on either side of the Atlantic, this move signals the Kremlin's willingness to confront Iran on its march toward nuclearization.
MTN has a corporate responsibility to cease doing business with Iran and colluding with a state sponsor of terror that uses its technology to track, silence and kill its people. The South African government should take immediate action to prevent this abuse of the telecommunications industry.