Midweek Roundup: Chinese Bank Reportedly Aids Iranian Guard, Portugal Faces Criticism for ‘Golden Visas,’ and More

A Chinese bank is facilitating Iran's access to global financial markets, including its efforts to finance operations of the Islamic Revolutionary Guards Corps' elite Quds Force, according to Reuters, which cited a Western intelligence report as its source. The Quds provides arms, aid and training to Iran's allies in the Middle East, including Hezbollah, Hamas and Shi'ite Muslim militias in Iraq, Reuters said. More Belgian prosecutors charged HSBC's Switzerland-based private banking unit with "serious and organized" fraud for accepting several billions of dollars in potentially untaxed deposits from more than 1,000 clients since 2003, Bloomberg reported. The bank faces a...