Iranian Currency Exchange Caught Operating in North London

The FCA warned investors not to trade with Javan Exchange this Thursday

Almost every day, the UK’s Financial Conduct Authority advises the public against trading with certain firms. Most of those firms operate in English but, according to the Telegraph, in many areas of the UK today 10 percent of people don’t speak the language.

Thus, it should be unsurprising that the British regulator added an Iranian currency exchange company to its endless list of firms that traders shouldn’t deposit cash with this Thursday.

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Javan exchange, whose site looks like it was built using Windows 98 clip-art, has apparently been trying to convince investors in the UK to part with their hard-earned cash.

Amusingly, the firm says that, though it launched in Iran, it’s now based in the UK and is regulated by British authorities.

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The great Satan

Politicians in Iran regularly describe the UK as the ‘Old Fox’ because, many eons ago, British people used their cunning to establish a large empire. When they’re feeling less kind, those same Iranian politicians call Britain the ‘Great Satan.’

And yet, Iranian people appear to find British authorities more trustworthy than their own. After all, if you were targeting Iranians, and wanted to legitimize yourself in their eyes, why else would you choose a British regulator as opposed to an Iranian one?

Anyway, Javan Exchange looks like it was designed to help bypass sanctions on Iran. It doesn’t appear to be regulated by any financial authority, but it does have an office in north London and a listing on the UK’s Companies House page.

So if you are ever at the KFC near to Finchley Central station, put down the popcorn chicken, wipe that gravy from your mouth and head over to, Ali Hosseinpour’s shop to see if you can siphon some money into Tehran. Just don’t let anyone there know that you belong to the nation of the Great Satan.

 

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