FinTech @ IU

Eric Wong, Elijah Stein, Tim Nguyen (formerly James Demircioglu)

Episode 38: How Iran Finances War: Sanctions, Shadow Banking, and the Dark Side of Global Finance

MAY 28, 202619 MIN

Description

In this episode, we talk about how Iran has moved billions through the global financial system despite decades of US sanctions. We dig into why sanctions keep failing, the role cryptocurrency plays, how evasions work through shell entities and front companies as well as the role other countries play in the mechanics of how the money moves. If you have ever wondered how a country cut off from the global financial system still manages to fund proxy wars across the Middle East, this episode is for you.