Day: February 4, 2024

Written by FinCrime

Iran used Lloyds and Santander accounts to evade sanctions

Reported by Miles Johnson, Stephen Morris and Lucy Fisher Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services. Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham […]

Written by FinCrime

‘Troubled’ Blue Ridge Bank enters consent order with OCC

Reported by Gabrielle Saulsbery Blue Ridge Bank has found itself in regulatory crosshairs again, leading to a consent order with the Office of the Comptroller of the Currency issued January 24. Blue Ridge’s primary federal regulator deemed the bank in “troubled condition” after the fintech-focused bank’s alleged continuous failure to establish and maintain a strong and […]