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Special Report: Iran's cat-and-mouse game on sanctions

Tuesday, February 28, 2012 - 03:35

Feb. 28 - Reuters reporters uncover how Iran's main shipping company, IRISL, evades European and American sanctions.

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Look at Iran. The regime is more isolated than ever before. -- leaders are faced with crippling sanctions. And as long as -- shirk their responsibility -- this pressure will not relent. Okay and it's. September 2000 and it. Iran's national shipping line -- ourselves. Was placed on the sanctioned by US since then subsequently you have both those sanctions there is so it ships. It's what we found in an analysis is. Shipping dates available is. That there is still have undergone several changes. They've been changing name changing bikes changing registered and is changing manages and operates it. And it tool a way of getting around sanctions against. If you have a ship that can -- name. And -- Armenian flag. Then it's going to be one expected after the sanctions. But he he changed the name of that ship to admiral. Registry in Hong Kong it's less likely. He inspected and -- those are easy to do. So there is still sets up a web of shell companies. In places like -- example Hong Kong Cyprus. We actually went to those companies involved. And looked for an address and you can address you it all goes back to. And it's a team and TO case with a Carol address -- -- around. For some of those companies we found one address which was responsible for what. Looked at the for -- in the ship. I eased any database called ice -- that play. Do what they do they collect. A lot of shifting registration documents. And each -- -- a unique to them. When it's made that tells the international maritime organization I am seven digit number and that will never change for the life partnership. -- -- changed the name changed the country exchange and but that will always have them. Once they did was get a date to play each of those. Shipped 244. Ships. That was originally from sanctions list. Sort of the diamond for each of and then look to their ownership history what we've ended. With two releases its corporate fundamentals. Which carries movement -- for the last three years. And try to see when they ships had been. It is. And certainly since he sanctions. In July 2. Once you we have I can put in a table and then you can see of the issue has changed its name three -- us. -- used to be Iranian. It was Maltese would Cypriot and is now. But it's. Or something. This certainly is loaded and in particular interest team. Sanctions against. And there's a lot of people not just. Not just governments. Different groups. Interest in seeing how it itself. Managed to evade the sanctions. I managed to keep that business guy when it seems that a lot of analysts -- trying this. Shut them down.

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Special Report: Iran's cat-and-mouse game on sanctions

Tuesday, February 28, 2012 - 03:35