• How Iran Skirts Sanctions

    Could a U.N. agency be helping Tehran to launder money?

    With a financial mechanism reminiscent of the Oil For Food scam, it seems Iran is using a United Nations office headquartered in Tehran to skirt U.S. sanctions. Once again, a rogue regime appears to be abusing a U.N. body in obtaining access to hard currency. The White House and the Financial Action Task Force - set up by the G-7 to combat money laundering and terrorist financing - have so far failed to identify this threat.

    The Asian Clearing Union was established in Iran in 1974 as a U.N. initiative to expand trade and forge...

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