Bank Saderat Iran, globally sanctioned by OFAC, now claims that "international auditors" that examined the bank's accounts for the period between 2001 and 2006 have failed to find any evidence of money laundering. According to US authorities, the bank has allegedly been engaged in money laundering for Hizballah and Palestinian Islamic Jihad, two designated global terrorist organisations. Is this simply damage control, or is the bank being genuine about this issue? And what's this about the bank bringing a lawsuit against the United States?

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