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| Iraq |
| How Iraqi-Iranian militias’ arms trafficking networks bypass US sanctions |
| 2019-07-05 |
| [ENGLISH.ALARABIYA.NET] The recent US sanctions on the Iraqi-based South Wealth Resources Company (SWRC) have shined a light on how Iranian-backed militias are continuing to receive arms legally despite sanctions. The SWRC, which was sanctioned for smuggling arms worth hundreds of millions of dollars to Iraqi militias linked to the Iranian Revolutionary Guards Corps (IRGC), is just one of many Iraq-based companies circumventing US sanctions using legal cover. IRGC-linked armed militias across the region have defied US sanctions by using a financial network consisting of hundreds of companies that claim to work in general trade, exchange, money transfer, agriculture, industry, and construction. According to the Foundation for Defense of Democracies (FDD), a non-partisan policy institute, there are at least 667 companies that are influenced by the IRGC, either through equity shares or positions on the board of directors. HOW DO THESE COMPANIES OPERATE? |
| Posted by:Fred |
| #1 Its a foolish man (company, state, national entity) that bets against the U.S. Treasury. |
| Posted by: Chereting Pelosi1889 2019-07-05 10:02 |