US EditionUS issues new Iran-related sanctions, Treasury says
- The United States imposed new sanctions on 18 individuals and entities helping Iran evade existing restrictions, according to the Treasury Department.
- The sanctions target networks that facilitate illicit revenue for Iran and include companies like RUNC Exchange System Company and others.
- Treasury Secretary Scott Bessent stated the sanctions are intended to disrupt Iran's funding and limit its financial operations.
- The sanctions freeze the assets of the targeted individuals and organizations in the US, preventing them from conducting business with US citizens.
15 Articles
15 Articles
US unveils new sanctions aimed at Iran revenue generation, sanctions evasion
The Treasury Department sanctioned 18 entities and individuals tied to revenue generating efforts for Iran on Thursday in an effort to block the foreign government from evading previous economic restrictions implemented by the United States. “These sanctions target how Iran has engineered banking schemes and alternate payment messaging systems specifically designed to bypass sanctions…
US Issues New Iran-related Sanctions
The United States imposed sanctions Thursday on 18 entities and individuals to target what the Treasury Department called a network helping Iran evade sanctions and generate revenue. The US targets include RUNC Exchange System Company and its leadership, Cyrus Offshore Bank, and Iranian software holding company Pasargad Arian Information and Communication Technology, according to a Treasury Department statement.
US sanctions 18 Iranian entities for trying to dodge financial restrictions
The US Treasury has imposed sanctions on 18 Iranian entities and individuals involved in networks helping Iran evade international financial restrictions. The targets include offshore banks, software companies, and shadow banking operations that support Tehran.
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