US issues fresh Iran-related sanctions, Treasury website shows
Treasury and State Department also warned banks about Iran’s use of religious charities to move money and support its network, officials said.
- 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.
51 Articles
51 Articles
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…
Noose is tightening around Iran’s economy: US announces new sanctions targeting 16 people, 10 entities - The Tribune
The United States has announced new Iran-related sanctions targeting 16 individuals and 10 entities, with the US Treasury Department saying the measures aim to disrupt Tehran’s alleged international financial networks, shadow banking operations and channels used to finance its military and regional proxy groups.
US sanctions Iran-tied shadow banks, sends alert on religious charity abuse
The Trump administration announced several sanctions against the Iranian regime on Thursday, including against banking institutions accused of helping move hundreds of millions of dollars through the financial system and into Tehran.Iraq-based International Development Bank for Investment and Finance “abused its access to the now-dissolved U.S. dollar wire auction and maintains ties to Iranian government entities and Iran-aligned militia groups …
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