“As the Trump administration tightens its economic squeeze on Iran, it faces a surprising weak link in its campaign to cut off the regime from the global financial system: America’s own banks,” the Wall Street Journal reports.
“Billions of dollars of Iranian funds are flowing through clearing accounts at American banks each year, Western officials and researchers say, despite sanctions that prohibit anyone subject to U.S. law from taking part in almost all financial activity linked to Tehran.”
“Iran accesses the accounts through foreign partners that maintain relationships with U.S. banks, part of a more than century-old system called correspondent banking that helps tie the global financial system together, while also providing Tehran with plenty of ways to secretly infiltrate it.”

