Bank Melli (photo credit: Courtesy)
Jerusalem Post: Germany allows US sanctioned Iranian 'terror' banks to operate
A number of the banks were sanctioned by the US in a bid to curb Iran's nuclear ambitions are operating within Germany.
The organization United Against Nuclear Iran published a report on Tuesday, disclosing that German Chancellor Angela Merkel’s government is permitting Iranian banks sanctioned by the US government to operate within the federal republic.
“The oldest Iranian bank operating in Germany is Bank Melli, established in 1965 in Hamburg. It is also Iran’s national bank, wholly owned by the Government of Iran (GOI), and its biggest company by revenue. The US Treasury sanctioned Bank Melli in 2018 for its support of the IRGC, having enabled the IRGC and its affiliates to move funds inside and outside Iran,” wrote the report’s author, Daniel Roth.
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WNU Editor: With allies like this, who needs enemies.
