adminJustice Department alleges a worldwide money laundering conspiracy of roughly $1bn to circumvent sanctions on Tehran.
A money changer displays US and Iranian banknotes at the Grand Bazaar in central Tehran on October 7, 2015 [File: Raheb Homavandi/TIMA via Reuters]
The US government collected $7m in Iranian assets for victims of state-sponsored “terrorism”, the Justice Department said on Tuesday.
The money was the US share of a civil forfeiture that targeted attempts to violate sanctions on Iran with fraudulent transfers of about $1bn of Iranian-owned funds to accounts around the world, it said in a statement.
