US imposes fresh sanctions on Iranian exchange house, shadow fleet vessels
Treasury said the network moved hundreds of millions of dollars for Iranian banks and the vessels shipped oil and petrochemicals to foreign buyers.
- On Tuesday, The United States imposed sanctions on Iran-based Amin Exchange and 19 vessels, targeting Tehran's "shadow banking" and "shadow fleet" networks.
- Treasury officials designated these entities to dismantle Tehran's "shadow banking" system, which facilitates billions of dollars in annual foreign currency transactions enabling the regime to bypass international sanctions.
- Washington sanctioned 19 vessels including Barbados-flagged Great Sail, Palau-flagged Ocean Wave, and Panama-flagged Swift Falcon, while designating front companies across United Arab Emirates, Turkiye, and Hong Kong assisting Amin Exchange.
- Under these measures, any assets connected to designated entities within United States jurisdiction will be frozen, and American individuals and businesses are barred from conducting transactions.
- Treasury Secretary Scott Bessent stated that Iran's shadow banking system facilitates "illicit transfer of funding for terrorist purposes," intensifying pressure on Tehran amid tensions over a possible peace deal.
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U.S. says it sanctioned Iranian shipping, financial networks
The U.S. on Tuesday sanctioned several Iranian regime currency exchange houses as well as associated personnel and front companies, the State Department said in a statement. The U.S. also sanctioned 19 vessels “that collectively enable Iran’s regime to evade international sanctions and fund its destabilizing activities across the Middle East.” “As part of the Economic Fury campaign, this action targets the shadow financial system and illicit shi…
US sanctions Iran’s ‘shadow banking’ network, blacklists 19 vessels in fresh pressure campaign
US also sanctioned 19 vessels described as part of Iran’s “shadow fleet”, alleging they were involved in transporting Iranian petroleum and petrochemical products to foreign buyers.
Treasury Sanctions Iran Shipping, Banking Networks
The action targets more than 50 companies, individuals and vessels that Treasury said helped Iran access the international financial system and move money tied to oil, petrochemical and other commercial transactions.
Cleveland Jewish News
Jewish News SyndicateUS sanctions target Iranian financial, shipping networks
“By taking steps to dismantle these financial channels, the United States aims to deny the Iranian regime the resources it uses to threaten regional stability,” said State Department spokesman Tommy Pigott.
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