US issues fresh Iran-related sanctions, Treasury website shows
Treasury said the measures target banks, exchange houses and intermediaries that help Tehran move oil revenue and evade sanctions.
- On Thursday, the Trump administration imposed fresh Iran-related sanctions targeting 16 individuals and 10 entities in Iran, Iraq, and Hong Kong to restrict Tehran's access to the international financial system.
- These measures are part of 'Operation Economic Outcast,' a Treasury Department campaign targeting financial channels that allow Iran to evade sanctions and finance military and terrorist proxy groups.
- Treasury designated the Iraq-based International Development Bank for Investment and Finance and Iranian offshore banks Jazireh International Bank Company and Chabahar International Bank Overseas Company; the State Department targeted Cuba-based Banco Internacional de Comercio S.A. for service to Iran-based Karafarin Bank since at least 2022.
- The Financial Crimes Enforcement Network concurrently issued an alert warning financial institutions about potential Iranian regime exploitation of religious charities to divert funds, including religious tithes known as khums.
- Treasury Secretary Scott Bessent stated, "The noose is tightening around Iran's economy," adding that the department will not relent until the Iranian regime's coffers are empty and its war machine's financial lifelines are severed.
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US issues new Iran-related sanctions against 16 individuals, 11 entities
The United States on Thursday issued a new round of Iran-related sanctions, targeting 16 individuals and 11 entities, including financial institutions, currency exchange firms and energy and trading companies.
US targets Dubai, Hong Kong networks in fresh Iran sanctions
Washington: The US sanctioned an Iraqi bank, Iranian offshore banks, a Dubai-based Iranian oil intermediary and a Hong Kong front company, and blacklisted a Cuban state-owned bank, as the Trump administration tightened what it calls Operation Economic Outcast against Tehran. “The noose is tightening around Iran’s economy, and not even Iran’s so-called allies can save … Get the latest updates in Hyderabad City News, Technology, Entertainment, Spo…
US Imposes New Sanctions on Iran Targeting Shadow Banking and Oil Networks
The US announced new sanctions targeting 16 individuals and 10 entities to disrupt Iran's shadow banking and military financing. Treasury Secretary Scott Bessent stated, 'The noose is tightening around Iran's economy'. Part of Operation Economic Outcast, the action targets an Iraqi bank, offshore entities, and oil intermediaries. US Imposes New Sanctions on Iran Targeting Shadow Banking and Oil Networks.
US announces new Iran-related sanctions targeting 16 people, 10 entities
The United States has imposed sanctions on 16 individuals and 10 entities connected to Iran's financial operations. US Treasury Secretary Scott Bessent stated that these measures target Iran's military funding sources and financial networks. The sanctions aim to dismantle offshore banks and shadow financiers aiding Iran's economy. Entities like the International Development Bank for Investment and Finance have been implicated in supporting Irani…
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