US EditionU.S. Targets Iran's 'Shadow Banking' Network With Sanctions
- On Friday, the U.S. Treasury imposed sanctions on more than 35 individuals and entities connected to Iran’s extensive shadow banking network used for laundering funds.
- These sanctions follow President Biden's February 4 memorandum aiming to disrupt Iran's financial support for destabilizing activities through this network.
- The network, run by the Zarringhalam brothers and associates, operates front companies primarily in Hong Kong and the UAE to launder billions.
- Treasury Secretary Scott Bessent highlighted that Iran relies heavily on its covert banking network to process oil revenues and finance its illicit activities.
- The sanctions aim to sever Iran's financial lifelines, signaling a strategic escalation to counter its regional malign influence and support ongoing nuclear deal talks.
43 Articles
43 Articles
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…
U.S. Unleashes New Sanctions On Iran's Shadow Banking Network As Trump Warns: "Time Is Running Out" - Worthy Christian News
by Worthy News Washington D.C. Bureau Staff (Worthy News) – The Trump administration has escalated its maximum pressure campaign on Iran with a sweeping new round of sanctions targeting its shadow banking network, as President Donald Trump warned that Tehran is “slowwalking” its nuclear decision and that a definitive answer must come “in a very short period of time.” The U.S. Treasury Department on Friday announced sanctions against 10 individua…
US imposes new sanctions related to Iran
The US Treasury Department announced on Friday the imposition of new sanctions targeting Iran, aimed at 10 individuals and 27 entities. The new sanctions focus on Iranian nationals as well as entities based in the United Arab Emirates and Hong Kong. The move comes as the administration of US President Donald Trump seeks to negotiate a new nuclear agreement with Tehran. The sanctions target individuals and entities connected to Iranian brothers M…
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