Posted on 09/10/2009 3:11:27 AM PDT by Cindy
In its latest bid to avoid international banking sanctions, Iran has reached an agreement with the Central Bank of Ecuador to allow the Export Development Bank of Iran to operate in this Andean nation.
The move came even though Ecuador is fully aware that EDBI is under U.S. Treasury Department sanction for illicitly providing or attempting to provide financial services to Iran's Ministry of Defense and Armed Forces Logistics (MODAFL).
(Excerpt) Read more at counterterrorismblog.org ...
stepping back in time...
http://www.treas.gov/press/releases/hp1231.htm
October 22, 2008
HP-1231
“Export Development Bank of Iran Designated as a Proliferator”
Washington, DC
More of the same old shell game.
Thanks to Chavez, Iran has enormous influence among the new left-wing countries of Latin America, of which Ecuador is most certainly one. Iran is busy extending itself throughout the region.
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