Obama-era license aimed to let Iran convert money in dollars

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FILE – In this April 16, 2018, file photo, Sen. Rob Portman, R-Ohio, speaks during a news conference in Cincinnati. The Obama administration secretly sought to give Iran brief access to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so. That’s according to an investigation by Senate Republicans released June 6. “The Obama Administration misled the American people and Congress because they were desperate to get a deal with Iran,” said Portman, the subcommittee’s chairman. (AP Photo/John Minchillo, file)

 

WASHINGTON (AP) — The Obama administration secretly sought to give Iran access — albeit briefly — to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so.

An investigation by Senate Republicans released Wednesday sheds light on the delicate balance the Obama administration sought to strike after the deal, as it worked to ensure Iran received its promised benefits without playing into the hands of the deal’s opponents. Amid a tense political climate, Iran hawks in the U.S., Israel and elsewhere argued that the United States was giving far too much to Tehran and that the windfall would be used to fund extremism and other troubling Iranian activity.

The report by the Senate Permanent Subcommittee on Investigations revealed that under President Barack Obama, the Treasury Department issued a license in February 2016, never previously disclosed, that would have allowed Iran to convert $5.7 billion it held at a bank in Oman from Omani rials into euros by exchanging them first into U.S. dollars. If the Omani bank had allowed the exchange without such a license, it would have violated sanctions that bar Iran from transactions that touch the U.S. financial system. Continue reading

Holidaymakers warned to take cash to Greece amid financial collapse fears

The Greek tourist board in London said that while it anticipated no immediate problems, visitors should avoid relying solely on credit cards or local ATMs.

Travellers should take “enough money to cover emergencies and any unexpected delays”, the Foreign & Commonwealth Office states. Travel experts recommended taking around three to five days’ worth of spending money in euros, alongside credit and debit cards.

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Pope Finds 100s Of Millions Of Euros “Tucked Away”; Freezes Ex-Vatican Bank Heads Assets

As previously discussed here, it’s odd nobody read between the lines in the media spin right away. Now it’s gaining a bit of traction — and Zero Hedge is usually one of the first to be ahead of the trend.

 

It’s a miracle… The Vatican’s economy minister has said hundreds of millions of euros were found “tucked away” in accounts of various Holy See departments that were previously not counted on the city-state’s balance sheet. “In fact, we have discovered that the situation is much healthier than it seemed,” noted Australian Cardinal George Pell, adding that “it is important to point out that the Vatican is not broke.” Indeed a miracle – like hookers-and-blow in GDP data? However, the Vatican finances remain in darkness as Reuters reports, the state’s top prosecutor has frozen 16 million euros in bank accounts owned by two former Vatican bank managers and a lawyer as part of an embezzlement investigation into the sale of 29 Vatican-owned real estate in the 2000s. Continue reading

Cardinal George Pell finds hundreds of millions of euros ‘tucked away’ in Vatican accounts

One has to wonder how millions of hidden Euros can just appear out of thin air and pretend it’s a surprise as if the lottery was won, then watch a story come out and spin the corrupted situation as if it’s some sort of blessing they just discovered.

 

The Vatican’s economy minister has said hundreds of millions of euros were found “tucked away” in accounts of various Holy See departments without having appeared in the city-state’s balance sheets.

In an article for Britain’s Catholic Herald Magazine to be published on Friday, Australian Cardinal George Pell wrote that the discovery meant overall Vatican finances were in better shape than previously believed. Continue reading

Defected Syrian pilot says he made trips to Russia and Iran to ‘collect cash’

A defected Syrian pilot told The Sunday Telegraph that he was part of the Syrian regime’s air fleet to Russia, where he amass money to support Syrian President Bashar al-Assad.

The pilot, who asked the Telegraph to identify him as Nazim, said that he and his fellow pilots “flew a cargo plane two or three times a month” to collect funds that were used to allegedly support the regime. Continue reading

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