Kurdistan is the Gateway for Iran| Kurdistan Ignores UN Sanctions against Iran | USA Supports Kurdistan |
FROM THE JOURNALS by Vladimir Joseph Feldman ~ Legal Correspondent for WANTED SA >
Sunday May 20, 2012
IRAN EXPANDS SANCTIONS EVASION THROUGH IRAQI KURDISTAN |
The Islamic Republic of Iran has greatly expanded its commercial transactions with the Iraqi Kurdistan Region, and is using those trade relations to evade and avoid international sanctions, with impunity.
This information should stimulate compliance officers at EU and North American financial institutions to conduct Enhanced Due Diligence investigations on all bank client transactions with Iraqi Kurdish companies, including a requirement for a sworn statement that the Kurdish company is not trading for the purpose of an Iranian end user.
A senior Iranian diplomat for the autonomous region, Consul General Seyed Azim Hossani, in a interview with local media, gave these details:
(1) At least 500 active Iranian companies are conducting business in the Iraqi Kurdish Region.
(2) Whilst the reported volume of trade between Iran & Iraq is officially $7bn, a more accurate number is $10bn, and an estimated 70% is with the Kurdistan Region.
“In an interview with Hawler Newspaper, Hosseini said the volume of commercial transactions between the two countries has increased tenfold during the past six years, and "they are getting better, day by day.”
I often wonder when someone in authority in the US Treasury Department will wake up and take some measures to keep the Kurdistan Region from flaunting international sanctions. Thus far, nobody seems to have the political courage to criticize the Kurdish Autonomous Government.
Remember these statistics when you are examining the accounts of your customers that trade with the Iraqi Kurdistan Region. Do not facilitate Iran sanctions evasion activity.
* WANTED SA conducted a thorough research for the past two years in Kurdistan with its new towers of hotels, thriving economic community, apartment buildings, malls and much more fueled by the evasion of sanctions by European, USA and Canadian Business in Kurdistan. Kurdistan Regional Government is encouraging companies who want to evade the sanctions to open up business in Kurdistan which has direct connections to Iran.
In days of old Camel Caravans full of goods would venture out; however, now trucks lined up in Caravans and Convoys drive on a new modern highway built to Iran from Kurdistan safely and quickly. The UN Sanctions have no bearing in Kurdistan and Caravans from Iran to Kurdistan loaded with cash to deposit in the banks of Kurdistan.
Over 800 USA Companies are doing business at present with Iran which has been approved by the USA whose lobbyists received the authorization. Kurdistan is the new haven for Money Laundering, Illicit Trading and the high life of living for Europeans and Americans.
** Is the USA actually supporting Iran with their “Hidden Agenda” such as with the Drug Lords in Mexico, Colombia and Venezuela and predominately in the Republic of Panama where Money Laundering is an everyday business tradition and an ongoing concern?
*** Should the Sanctions on the ISLAMIC REPUBLIC OF IRAN be liften and the "Hidden Agenda exposed so that everyone and all can conduct business with Iran?
WANTED SA kindly thanks New York Times, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces who have contributed to the many articles and their sincere opinions and statements.
WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.
For Confidential Contact:
WASHINGTON, D.C. 1.202.787.3861 -
TOLL FREE FROM USA & CANADA: 1.888.255.1533 -
LONDON CENTRAL, UNITED KINGDOM (44) 207.993.6256 -
Or e-mail us: