UAE, Hong Kong shadow banking networks ‘a risk to US financial institutions’ | Global Trade Review (GTR)
US financial crime authorities have warned that Iranian entities are using front companies in Hong Kong and the UAE to ship sanctioned oil to China and launder the proceeds through the international financial system. In an advisory issued on June 6, the Financial Crimes Enforcement Network (FinCEN) says Iran exports around 1.6 million barrels of ...| Global Trade Review (GTR)
