Money laundering is the practice of disguising illegally obtained funds so that they seem legal. It is a crime in many jurisdictions with varying definitions. It is a key operation of the underground economy.
The other day in a The U.S, Treasury Secretary, Timothy Geithner attending the International Monetary and Financial Committee (IMFC) Meeting in Turkey said:
“We underscore our concerns over illicit finance emanating from Iran and the severe deficiencies in its regulatory regime.We emphasize FATF statements calling upon the international community to implement countermeasures to protect the international financial system from money laundering and terror financing risks emanating from Iran, and we urge all nations to respond appropriately.We further urge all nations to implement the financial provisions of UNSCR 1803 by exercising enhanced vigilance over the activities of their financial institutions with Iranian financial institutions – including branches and subsidiaries abroad – and particularly with respect to Bank Saderat and Bank Melli.”
That in tandem with what his deputy, Stuart Levy, first Under Secretary for Terrorism and Financial Intelligence, who held the same position in the previous administration, has quietly been doing is where the sane world lead by the U.S. has to focus more of its energies.
Cutting off the IRR, the Islamist Rapist Republic from the international banking system, something which does not require IRR’s newest bestest friends’ approval, is a prudent first major step in confronting the gathering threat it poses.
The best example of success of the might the U.S. Treasury wields is the recent news item about the seizure of an Iran originated tractor trailer in Turkey.
According to credible Turkish news media which included video footage, the seized trailer contained a whopping sum of eighteen and half billion dollars worth of crisp U.S. currency and gold bars.
Squeezing the IRR out of the international banking system will force it to hand carry funds for its many nefarious activities and keeping an extra eye out for its carriers, is one way of weakening the IRR and empowering the enslaved democracy seeking Iranians.
Should for a change political farsightedness prevail, the seized assets which belong to the Iranian nation and been stolen by IRR could be used to help Iranians to rid the region and the world of the Islamist menace.