July 22, 2025 – Iran and China circumvent sanctions via notorious bank and Letitia James is implicated

In Email/Dossier/Govt Corruption Investigations, Featured Timeline Entries by Katie Weddington

Letitia James attends Trump trial, May 2024. (Credit: public domain)

The Standard Chartered Bank sanctions evasion case, now in court in the US Second Circuit, found at least $9.6 billion of illegal payments by the bank to Iranian and Hezbollah entities.

The case implicates NYAG Letitia James and the Federal Reserve for ignoring billions of these illicit payments and ignoring Treasury sanctions designations. Maximum Pressure is not being enforced because of the failures of the Fed and the NYAG.

Make sure this case continues.

** Call the Southern District of New York …. Office number: 212-637-2200

At least $9.6 billion of specifically identified illicit payments were made by SCB from its NYC branch to OFAC and known terrorist names. The $9.6 billion was found in internal trade reports turned over by bank whistleblowers and represents the first batch from SCB Dubai office that cleared through SCB NYC. There are estimated over $100 billion more of illegal payments that are more recent and from SCB China where it has 53 mainland branches that facilitate dollar trade payments for oil and war-making materials.

These payments were hidden by SCB from required disclosure in its ongoing Deferred Prosecution Agreement now under the jurisdiction of DCUSA Pirro and SDNY Clayton where both were briefed on SCB after their appointments. There are career blockers at each jurisdiction.

Involvement by the NYAG

In early 2024, NYAG was briefed by terrorist financing experts and the whistleblowers in detail on the illicit payments yet did nothing about it other than reapprove SCB annual license.

NYAG was briefed in two meetings in February and March 2024 about the $9,6 billion of illegal payments and did nothing but approve the annual renewal of SCB State banking license. One of meetings was recorded and clearly shows that NYAG officials recognized the payments were not previously known and not in prior SCB sanctions settlements. Five NYAG senior staff including Letitia James Deputy Scott Spiegleman were in all meetings. In late 2024, Spiegleman went to work for IBM which has a large tech contract running the SWIFT platform.  IBM Promontory advised SCB to hide currency trade data. (Read more: The Gateway Pundit, 7/22/2025)  (Archive)