Al Taif Bank, previously linked to IRGC financial operations and cash smuggling, appears to have gone bankrupt and has been placed under Iraqi central bank guardianship.
Iraq's central bank has placed Al Taif Bank under guardianship amid indications that the bank has gone bankrupt.
Al Taif has previously been linked to financial operations involving Iran's Islamic Revolutionary Guard Corps, including alleged cash smuggling.
For background, a 2023 report cited Al Taif in connection with U.S. restrictions on 14 Iraqi banks as part of a crackdown on Iran-related dollar transactions.
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IranBenjamin Netanyahu said Iran’s government is on its “last legs” and that systems under his guidance are acting to overthrow it.
IranSecretary of State Marco Rubio said the United States will continue targeting Iran in response to shipping attacks, according to a Faytuks Network report reposted by Sh1n.
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