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U.S. Targets Iran's 'Shadow Banking' Network With Sanctions
- On Friday, the U.S. Treasury announced new sanctions against more than 30 individuals and organizations linked to a network facilitating Iran’s shadow banking operations that support the regime.
- These sanctions follow President Biden's February 4 National Security Presidential Memorandum to disrupt the financial arteries of Iran's illicit activities.
- Central figures include the Zarringhalam brothers, who run exchange houses in Iran and front companies in the UAE and Hong Kong laundering billions through global financial channels.
- Treasury Secretary Scott Bessent emphasized that Iran relies heavily on its informal banking networks to generate revenue from its oil exports, transfer funds, and support activities that undermine stability.
- The sanctions aim to choke off financial lifelines that fund Tehran's military and terror proxies, signaling a renewed U.S. strategy to counter Iran's malign influence.
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56 Articles
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In Reversal, White House Slaps Sanctions on Iran
The U.S. imposed sanctions on Iranians involved in a “shadow banking” network engaged in money laundering, the Treasury Department announced Friday. The move marks an apparent reversal of policy, as the administration had ordered a pause on sanctions activity against Iran, according to a Wall Street Journal report published Monday. President Donald Trump in February re-imposed a “maximum pressure” campaign against Iran but said he hoped Washingt…
Alleged Iran Money Laundering Network Hit With US Sanctions
The US imposed sanctions on a network of individuals and companies it accuses of laundering billions of dollars from illegal activities for the Iranian government, as the Trump administration continues its “maximum pressure” campaign against Tehran.
The U.S. government is punishing 30 Iranian people and companies for trying to cover up revenues from oil sales.
Trump Sanctions Shadow Banking Network Funding Iran’s Nuclear Program - Real News Now
The Trump administration has dropped the hammer on Iran’s secretive financial lifeline, issuing sweeping new sanctions targeting more than 30 individuals and entities accused of running a shadow banking network used to fund the regime’s nuclear and missile programs. The sanctions, announced on June 6, expose a sophisticated global money-laundering system operating through front companies in the United Arab Emirates and Hong Kong. This network ha…
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