Iran envoy to UK: Officials have good info on money laundering

Iran Materials 21 November 2018 14:28 (UTC +04:00)

Tehran, Iran, Nov. 21


Iranian Ambassador to the United Kingdom Hamid Baeidinejad has indicated the smuggling of drugs, goods, foreign currency and fuel as the main sources of illegal revenue in Iran.

The responsible authorities have monitored trafficking for many years, they have precise information about the volume of money laundered and illegal profits that infiltrated the economy, the top diplomat said in a statement posted on his Instagram account.

“It has been announced that the annual drug trafficking in Iran is worth $3 billion, smuggling of goods and foreign currency is worth $12.6 billion, while fuel trafficking has reached 40 million litters per day,” Baeidinejad said in his statement.

The Islamic Republic FM Mohammad Javad Zarif's recent comments on "many individuals" who "benefit from money laundering" in Iran have triggered a wave of enraged responses from the conservative camp controlling most of the state apparatus.

Zarif had earlier lambasted "many" unnamed individuals for blocking the passage of the bills related to money laundering to collect more benefits.

"The amount spent for creating an atmosphere against these bills is equal to the Foreign Ministry's budget,” Zarif was cited as saying Nov. 11 on the local website Khabar Online.