[Ed. – Well, of course Iran is smuggling billions in cash. What are we, idiots?]
At least $1 billion in cash has been smuggled into Iran as it seeks to avoid Western sanctions, a bigger figure than previously reported, Iranian officials and Western intelligence and diplomatic sources say. …
In December, the U.S. Treasury said the Iranian government had obtained hundreds of millions of dollars in bank notes using front companies.
Interviews by Reuters with Iranian officials and Western diplomatic and intelligence sources show a bigger smuggling effort by Tehran, as well as the routes and methods used — details not previously reported. These sources said at least $1 billion in U.S. bank notes had been smuggled into Iran in recent months, with the Iranian central bank playing an important role.
Three Western diplomatic sources and three Iranian government officials, who all declined to be identified citing the sensitivity of the issue, said Tehran had been working on ways to obtain dollars since March last year.
The sources said the cash was hand-carried by couriers on flights from Dubai or Turkey, or brought across the Iraq-Iran border.
Before it reached Iran, the cash was passed through money changers and front companies in Dubai, in the United Arab Emirates, and Iraq, they added.