Monday, August 16, 2010

(NEWS) Iran Is Trying To Evade Sanctions

"US official says Iran using front companies to ship dangerous cargo.

The US imposed sanctions on three shipping companies located in Malta that belong to Iran's national sea cargo transporter on Friday, US Treasury Under Secretary for Terrorism and Financial Intelligence Stuart Levey said in an opinion article he wrote in Monday's Financial Times.

Levey said that Iran's national maritime carrier, the Islamic Republic of Iran Shipping Lines, forges documents, changes ship names and sends cargo through front companies located abroad in order to get around international sanctions imposed on Teheran for conduct surrounding its nuclear and ballistic missile programs."

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