"Two of the UK's biggest banks, Santander UK and Lloyds, provided accounts to British companies with links to Iran's intelligence services.
Iran evaded Western sanctions by using accounts at two UK banks to move money around the world in an extensive sanctions evasion scheme, according to the Financial Times.
Lloyds Banking Group and Santander UK provided accounts to front companies that were secretly owned by a sanctioned and state-controlled Iranian petrochemicals company, the news outlet said, citing documents.
The Petrochemical Commercial Company's (PCC) British subsidiary (PCC UK) is still operating near Buckingham Palace.
Both companies have been under US sanctions since 2018, meaning that Western banks are blocked from doing business with them."Despite not being able to find proof, I simply don't believe that this escaped all of British intelligence and all of British government. I believe this to have been an unholy alliance to sidestep the United States. AGAIN.
