*[image: https://d.newsweek.com/en/full/2482926/letitia-james.jpg]*
*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.
*Involvement by the Federal Reserve*
The Fed, along with its wire operations platform SWIFT, failed to block the SCB payments to sanctioned names – ignoring the Treasury OFAC and SDGT lists. The COO of SWIFT, Cheri McGuire had been at SCB where she was directly involved in SCB hiding its currency trades. Cheri McGuire was approved by the Fed and is now COO of SWIFT – designated under Dodd-Frank as a Systematically Important Financial Market Utility quasi-regulated by the Fed. The Eastern District of Virginia USA is also considering investigation because SWIFT its US headquarters in VA.
With all oil trade required to be in $USD, China is using Standard Chartered Bank (“SCB”) and it’s NYC branch to buy Iranian oil in $USD. Maximum Pressure is being thwarted by a lack of enforcement by the Fed and the SWIFT system – each have ignored the Treasury sanction designations.
*Recommendations:*
1. Direct USA Pirro to prosecute SCB for breach of its Deferred Prosecution Agreement; Direct SDNY Clayton to intervene and prosecute SCB in the case now in the US Second Circuit. 2. Retract delegated authority from the Fed returning it to Treasury to enforce Maximum Pressure. End any operating agreement the Fed has with Brussels-based Society for Worldwide International Financial Transactions and merge its operations into Treasury. 3. Collect more than $10 billion from SCB for the US in sanction evasion penalties.
The Fed is undermined and ignoring Treasury. Treasury too is being ignored by State regulators like those in New York where the NYAG ignored and was busy doing lawfare.
*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.
*Involvement by the Federal Reserve*
The Fed, along with its wire operations platform SWIFT, failed to block the SCB payments to sanctioned names – ignoring the Treasury OFAC and SDGT lists. The COO of SWIFT, Cheri McGuire had been at SCB where she was directly involved in SCB hiding its currency trades. Cheri McGuire was approved by the Fed and is now COO of SWIFT – designated under Dodd-Frank as a Systematically Important Financial Market Utility quasi-regulated by the Fed. The Eastern District of Virginia USA is also considering investigation because SWIFT its US headquarters in VA.
With all oil trade required to be in $USD, China is using Standard Chartered Bank (“SCB”) and it’s NYC branch to buy Iranian oil in $USD. Maximum Pressure is being thwarted by a lack of enforcement by the Fed and the SWIFT system – each have ignored the Treasury sanction designations.
*Recommendations:*
1. Direct USA Pirro to prosecute SCB for breach of its Deferred Prosecution Agreement; Direct SDNY Clayton to intervene and prosecute SCB in the case now in the US Second Circuit. 2. Retract delegated authority from the Fed returning it to Treasury to enforce Maximum Pressure. End any operating agreement the Fed has with Brussels-based Society for Worldwide International Financial Transactions and merge its operations into Treasury. 3. Collect more than $10 billion from SCB for the US in sanction evasion penalties.
The Fed is undermined and ignoring Treasury. Treasury too is being ignored by State regulators like those in New York where the NYAG ignored and was busy doing lawfare.
GO HERE FOR MORE www.thegatewaypundit.com/2025/07/her-biggest-scandal-yet-iran-china-are-circumventing/
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