How Iran Avoids Banking Sanctions

Iran Banks Move To Ecuador To Avoid Sanctions -- Counter Terrorism Blog

In its latest bid to avoid international banking sanctions, Iran has reached an agreement with the Central Bank of Ecuador to allow the Export Development Bank of Iran to operate in this Andean nation.

The move came even though Ecuador is fully aware that EDBI is under U.S. Treasury Department sanction for illicitly providing or attempting to provide financial services to Iran's Ministry of Defense and Armed Forces Logistics (MODAFL).

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My Comment: This opens the door for sanctions against the banking systems in Ecuador and Venezuela. Will it be pursued .... your answer is as good as mine.

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