Iranian national charged with $115m US sanctions evasion scheme
06/02/2020
The US Department of Justice has announced that Iranian national Bahram Karimi has been charged with allegedly participating in a scheme to evade US sanctions against Iran, in which over $115m in payments for a Venezuelan housing complex was funnelled through the US financial system for the benefit of Iranian individuals and entities.
Mr Karimi was responsible for managing the project in Venezuela, and connection with this role, is said to have defrauded US banks by concealing the Iranian recipient of 15 payments through the use of two front companies, in violation of US sanctions.
The offences, as listed, carry a combined maximum sentence of 65 years’ imprisonment on conviction.
(1) conspiring to commit bank fraud,
(2) bank fraud, and
(3) making false statements,
See DOJ press release here. https://www.justice.gov/opa/pr/iranian-national-charged-bank-fraud-and-lying-federal-agents-connection-scheme-use-us
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.