Too Long; Didn't Read
The Wall Street Journal laid out a startling exposé of Iran’s secret financial network used to circumvent U.S.-led sanctions. Recent revelations regarding the Iranian regime have proven just how true this is. The clandestine web of commerce and finance has allowed Iran to gain substantial leverage in talks with the United States, as the main tool the West has used to influence Iranian behavior has been undermined for a long time. Focusing on crypto as the primary illicit finance problem at the expense of closely monitoring traditional networks can be dangerous for the integrity of global finance.