{"id":116284,"date":"2024-02-06T09:02:56","date_gmt":"2024-02-06T14:02:56","guid":{"rendered":"https:\/\/PERSIAN-HERITAGE.COM\/?p=116284"},"modified":"2024-02-06T09:02:56","modified_gmt":"2024-02-06T14:02:56","slug":"santander-lloyds-shares-fall-on-report-iran-used-banks-to-evade-sanctions","status":"publish","type":"post","link":"https:\/\/PERSIAN-HERITAGE.COM\/en\/2024\/02\/06\/santander-lloyds-shares-fall-on-report-iran-used-banks-to-evade-sanctions\/","title":{"rendered":"Santander, Lloyds Shares Fall on Report Iran Used Banks to Evade Sanctions"},"content":{"rendered":"<p><span class=\"dateline\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-116285 alignleft\" src=\"https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2024\/02\/Lloyds-bank-in-London-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2024\/02\/Lloyds-bank-in-London-300x200.jpg 300w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2024\/02\/Lloyds-bank-in-London-150x100.jpg 150w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2024\/02\/Lloyds-bank-in-London-24x16.jpg 24w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2024\/02\/Lloyds-bank-in-London-36x24.jpg 36w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2024\/02\/Lloyds-bank-in-London-48x32.jpg 48w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2024\/02\/Lloyds-bank-in-London.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>VOA \u2014 MADRID \u2014 <\/span>Shares in Santander and Lloyds fell after the\u00a0<em>Financial Times<\/em>\u00a0reported that Iran used accounts from two of the U.K.&#8217;s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran&#8217;s intelligence services.<\/p>\n<p>According to documents seen by the\u00a0<em>Financial Times<\/em>, Lloyds and Santander U.K. provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based in London.<\/p>\n<p>Shares in Madrid-based parent Santander fell as much as 3.6% and were down 2.9% at 0827 GMT, while shares in Lloyds declined 0.9% by 0842 GMT.<\/p>\n<p>A Santander spokesperson said the bank declined to comment on specific client relationships.<\/p>\n<p>&#8220;Santander abides by its legal and regulatory obligations, and we are highly focused on sanctions compliance,&#8221; the person said.<\/p>\n<p>&#8220;Where we identify sanctions risks, we will investigate and take appropriate action.&#8221;<\/p>\n<p>A Lloyds spokesperson said: &#8220;The Group&#8217;s business activities are conducted to ensure compliance with applicable sanctions laws.<\/p>\n<p>&#8220;We are committed to adhering to all legislative and regulatory requirements as they relate to economic crime. We are not permitted to comment on individual customers.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VOA \u2014 MADRID \u2014 Shares in Santander and Lloyds fell after the\u00a0Financial Times\u00a0reported that Iran used accounts from two of the U.K.&#8217;s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran&#8217;s intelligence services. According to documents seen by the\u00a0Financial Times, Lloyds and Santander U.K. provided [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":116285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10],"tags":[],"class_list":["post-116284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latests"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["fa","en"],"languages":{"fa":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/116284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/comments?post=116284"}],"version-history":[{"count":2,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/116284\/revisions"}],"predecessor-version":[{"id":116287,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/116284\/revisions\/116287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/media\/116285"}],"wp:attachment":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/media?parent=116284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/categories?post=116284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/tags?post=116284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}