Iran Shipping Lines Faces Charges in Money-Moving Scheme
June 20 (Bloomberg) -- Islamic Republic of Iran Shipping Lines was charged with 11 other companies and five people in a 317-count indictment claiming they moved more than $60 million through at least seven U.S. banks in violation of government sanctions. The banks included JPMorgan Chase & Co., Citigroup Inc., and Bank of America Corp., according to Adam Kaufmann, chief of investigations for Manhattan District Attorney Cyrus R. Vance Jr. The banks aren't accused of any wrongdoing. Since 2008, defendants "began using alias names and shell ...
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