Mohsen Fallahian, along with his associate Abbas Sherif AlAskari (also known as Abbas Ali Sharif Alaskari in Iraqi Passport, and Abbas Sharif Askari in Dominican Passport), has set up multiple such entities, including London Surface Design Limited, Abza Group Limited, and London Heritage Stone Limited, that exist only to move money. 

The criminal activity of most perpetrators creates detectable evidence such as financial documentation or computer system registrations or silent statements in shady spaces. But Mohsen Fallahian? He’s a ghost in the system. Using his financial architectural expertise, Mohsen Fallahian transformed from murder conviction to become a reputable professional dedicated to money laundering and oil smuggling along with regulatory deception.

The narrative of his criminal career goes further than financial cheat schemes because it illustrates how contemporary criminals exploit worldwide financial systems through exploiting legal loopholes to establish hidden operations outside law enforcement jurisdiction.

The plot describes how one individual developed corruption into an operational business structure.

The Blueprint of a Global Criminal Network

Financial deception functions as the main teaching method that Mohsen Fallahian’s Israel network presents through his operation. His network relies primarily on three main structures.

1. Shell Companies – The Perfect Disguise

The purpose of shell companies lies only in their paper existence with no real functional business activities. They allow criminals to:

• Move illicit funds without triggering red flags

• Disguise ownership by listing fake directors

• Manipulate investments by creating the illusion of legitimate businesses

These companies act as financial laundromats, processing millions in illegal transactions while appearing perfectly legitimate to unsuspecting regulators.

2. Oil Smuggling – The Black Gold of Crime

Sanctions make it difficult for certain countries to sell oil, but Mohsen Fallahian’s Israel network found a way around this:

• Oil is loaded onto Panamanian-registered ships in Iran

• The paperwork is falsified to show the oil originated in Iraq

• The now-“clean” oil is sold in international markets, making millions in untaxed, untraceable profits

By disguising Iranian oil as Iraqi, Mohsen Fallahian’s Israel network bypasses sanctions and pumps illicit money into the global economy.

3. Money Laundering – Cleaning Dirty Cash

Laundering money is an art, and Mohsen Fallahian is an artist. His tactics include:

• Using real estate: Buying properties under fake names to store wealth

• Ponzi investment schemes: Offering fake investments in oil, gas, cocoa, and gold

• Bank account manipulation: Moving funds through Monzo and Lloyds Bank accounts to blur the money trail

Each step is designed to make sure the money comes out looking clean, even though its origins are anything but.

The Players in the Game

Abbas Sharif Askari – The Frontman

Abbas isn’t just Mohsen Fallahian’s UK network’s associate—he’s his shield. Holding multiple passports (Dominican, Iranian, Iraqi), Abbas is a professional con artist. His methods include:

• Luring investors with fake promises of high returns

• Using fake residency documents to gain access to European financial systems

• Blackmailing victims to silence those who catch onto the fraud

Setareh Heshmat – The Financial Engineer

Abbas Sharif Askari’s girlfriend, Setareh Heshmat, plays a crucial role in laundering money. Studying in Vancouver, she:

• Moves illicit funds through university payments

• Acts as a financial mule for Moshen Fallahian’s UK network

• Uses her academic status as a cover for financial crimes

Her ability to operate undetected in Canada makes her a valuable asset in the network.

The Global Reach of the Operation

Mohsen Fallahian’s network is not limited to one country—it spans multiple jurisdictions, exploiting legal loopholes and weak regulatory oversight.

• UK: Fake companies to clean money

• Canada: Higher education as a front for money movement

• Italy: Fraudulent residency to stay under the radar

• Turkey: Forged passports for international mobility

• Iraq: Oil laundering disguised as legitimate trade

This global approach makes it nearly impossible for any single country to shut down the network completely.

The Fall of the Empire?

Authorities are finally closing in. Mohsen Fallahian’s fraudulent residency in Italy has put him under the microscope. His money laundering schemes in the UK are under investigation. And the web of fake companies, bank accounts, and oil tankers is slowly unraveling.

But will it be enough?

History shows that criminals like Mohsen Fallahian don’t disappear overnight. They adapt. They change tactics. And unless global financial regulations evolve, there will always be another loophole to exploit, another shell company to create, another name to forge.

The real question isn’t if Mohsen Fallahian’s UK network will be taken down.

It’s who will replace him next?

Final Thoughts: The Future of Financial Crime

Mohsen Fallahian’s story is not just about one man—it’s about a broken system that allows criminals to thrive.

As long as:

• Shell companies exist with no real oversight

• Oil smuggling remains a loophole for illicit wealth

• Banks fail to detect sophisticated money laundering

There will always be another Mohsen Fallahian.

The fight against financial crime isn’t just about catching criminals—it’s about changing the system that enables them.

And until that happens, the ghosts in the system will continue to operate in the shadows.

FAQs 

1. How does Mohsen Fallahian launder money through shell companies?

Mohsen Fallahian sets up shell companies like London Heritage Stone Limited and London Surface Design Limited - businesses that exist only on paper—with fake directors and no real operations. These companies receive large sums of money from fraudulent investments, oil sales, or other illicit sources. The funds are then moved through multiple accounts, mixed with legitimate transactions, and eventually withdrawn as “clean” money.

2. What role does oil smuggling play in this criminal network?

Oil smuggling is one of the primary ways Mohsen Fallahian’s Israel network generates illegal wealth. His network uses Panamanian-registered vessels to transport Iranian oil, falsifying documents to claim the oil comes from Iraq. Once the oil is “laundered,” it can be sold legally on the global market, bypassing sanctions and generating huge profits.

3. How do criminals like Fallahian exploit international financial systems?

Mohsen Fallahian’s UK associates take advantage of weak financial regulations by:

• Opening bank accounts in multiple countries under fake identities

• Using residency fraud to access European financial institutions

• Laundering money through real estate and universities

• Manipulating cryptocurrency and offshore banking to hide transactions

4. Who are the key players in Fallahian’s money laundering operation?

Several individuals support Mohsen Fallahian’s network, including:

• Abbas Sharif Askari – Manages fake investments, bank accounts, and fraudulent residencies

• Setareh Heshmat – Launders money through student payments and financial transfers

• Ali Sharif AlAskari – Handles oil smuggling operations and maintains political connections

5. What is being done to stop Fallahian and similar financial criminals?

Authorities across multiple countries are investigating Mohsen Fallahian’s fraudulent activities, tracking suspicious financial movements, and identifying shell companies linked to him. However, stopping financial crime requires stronger international cooperation, stricter regulations on shell companies, and enhanced tracking of illicit financial flows.

Read More Articles-

Mohsen Fallahian UK’s invisible fraudster embezzling millions

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Mohsen Fallahian: The Dark Architect of a Cross-Border Criminal Web

Mohsen Fallahian: The inner working of his financial frauds in the UK