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Financial Times – Iran ran sanctions-evading networks with Lloyds and Santander 

The Financial Times reports Iranian petrochemical firms secretly used British front companies to obtain bank accounts with Lloyds and Santander in order to evade US sanctions. The Petrochemical Commercial Company is accused by the US of being part of a network raising hundreds of millions of pounds for Iran’s Revolutionary Guards forces. The banks said they could not comment on individual cases but that they complied with sanctions laws.

But dominating the front page is a picture of Houthi tribesmen “parading” as a “show of defiance” after a third round of joint UK and US attacks on sites in Yemen.

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