Most Active Stories
- Cellphone Service Down For Thousands, But Regulators May Never Know Why
- Jewish Federation of Greater Chattanooga Hosts Enthusiastic Visitors
- Start It Up Episode 33: New Private Equity Firm Seeks Acquisitions
- Arthur Golden (Finally!) Has A New Novel Coming Out. Here's What He Told WUTC.
- Start It Up Episode 32: Angel Summit To Bring Investors to Chattanooga
Iran Turns To Afghanistan When Laundering Money
There may be international sanctions against Iran, but not in Afghanistan's border provinces with the Islamic Republic where trade and money-laundering are thriving. Every day, millions in Iranian currency are brought in by taxis ferrying passengers. The Iranian money is exchanged for dollars, which are then shipped back to Iran. American officials recently ordered the Afghan banks to crack down on this phenomenon and it appears to be having some effect. But Afghan money changers claim the money-laundering will never stop unless border guards stop accepting bribes and letting the Iranians in.