Posted on 01/20/2009 2:14:51 AM PST by Cindy
Vienna
"Londonistan" is the nickname given to the UK capitol in 1995 by France's counterterrorism service, partly out of frustration over the safe haven that the city offers to radical Islamist groups that have been exiled from their home countries and/or other EU nations. The year 2009 began with a story that offers a whole new dimension as to how that nickname fits better than most of us would have imagined.
This past week one of the major UK banks, Lloyds TBS Group, paid $350 million to New York State and U.S. Federal authorities in an out-of-court settlement. The fine was paid over charges that Lloyds obscured the fact that billions of dollars that had passed from its office and then through U..S banks and finally on to other foreign destinations had originated in Iran, Libya, and Sudan in violation of U.S. sanctions on those nations. It is the largest fine ever paid in the history of the Manhattan DA's office.
In all, some $300 million from Iran are believed to have transferred on to American financial institutions via Lloyds, and another $20 million from Sudan. Both nations are accused of financing numerous terrorist organisations, and it appears that the Iranian money may have been used to purchase materials that were used in that nation's ballistic missile and nuclear weapons development programs. Lloyds activities in acting as a laundering agent in this manner date back as far as 1995, according to the U.S. Justice Department.
(Excerpt) Read more at frontpagemag.com ...
A Look at Iran
http://www.truthusa.com/IRAN.html
Not surprising. Anything for a buck or a pound.
This past week one of the major UK banks, Lloyds TBS Group, paid $350 million to New York State and U.S. Federal authorities in an out-of-court settlement. The fine was paid over charges that Lloyds obscured the fact that billions of dollars that had passed from its office and then through U..S banks and finally on to other foreign destinations had originated in Iran, Libya, and Sudan in violation of U.S. sanctions on those nations. It is the largest fine ever paid in the history of the Manhattan DA's office. In all, some $300 million from Iran are believed to have transferred on to American financial institutions via Lloyds, and another $20 million from Sudan.see also.
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