Iraqi Banks Funnel Money to Iran With US Help

Surely, the United States wouldn't intentionally create a system that facilitated Iraqi banks to illegally funnel money into Iran's terrorist regime.

U.S. officials suspect his banks were among more than two dozen Iraqi banks involved in funneling dollars to Iran and its militia allies, using front companies and falsified invoices to circumvent sanctions that block Iran from the global financial system.

Iraq gets a substantial fraction of its electric power from Iran, and the United States set up a system through which the Iraqis could pay for the power without violating sanctions.

I am more interested in the question of who knew what, when, what kickbacks they got, and whether the Biden administration used this back door to funnel money to Iran in ways we don't already know.

A top U.S. Treasury official told Iraqi officials at a Baghdad meeting in January that Iraqi banks “deliberately exploited” their access to U.S. dollars to support the Quds Force, a paramilitary arm of the IRGC, and also the militia groups operating in Iraq that the Iranian government backs, according to U.S. officials familiar with the discussions.

Among Iraqi banks overall, as much as 80% of the more than $250 million in dollar wire transfers flowing through them on some days were untraceable and some portion of that amount went secretly to Iran’s Islamic Revolutionary Guard Corps and the anti-U.S. militias it supports, according to U.S. officials.

His three Baghdad banks wired tens of billions of dollars in that time outside the country, ostensibly for car parts, furniture and other imports. 

https://hotair.com/david-strom/2024/09/09/iraqi-banks-funnel-money-to-iran-with-us-help-n3794271