The U.S. has issued a fresh round Iran-related sanctions targeting individuals and entities that Washington says finance Tehran's military, including some in Hong Kong and the United Arab Emirates, the U.S. Treasury Department said on Tuesday.
"Iranian 'shadow banking' networks—run by trusted illicit financial facilitators—abuse the international financial system © Mena Today
The U.S. has issued a fresh round Iran-related sanctions targeting individuals and entities that Washington says finance Tehran's military, including some in Hong Kong and the United Arab Emirates, the U.S. Treasury Department said on Tuesday.
Those targeted have helped coordinate funds transfers, including from the sale of Iranian oil, that benefit Iran's military force, the Islamic Revolutionary Guard Corp (IRGC)- Quds Force and its Ministry of Defense and Armed Forces Logistics (MODAFL), Treasury said.
"Iranian 'shadow banking' networks like these—run by trusted illicit financial facilitators—abuse the international financial system, and evade sanctions by laundering money through overseas front companies and cryptocurrency," it said in a statement.
U.S. sanctions generally prohibit American individuals and companies from engaging in any business transactions with those targeted.
Reporting by Bhargav Acharya, Katharine Jackson and Susan Heavey
Lebanese Justice Minister Adel Nassar has launched a pointed attack on Hezbollah, accusing the Iran-backed group of undermining Lebanon's ability to conduct meaningful negotiations with Israel and dragging the country into wars its people never chose.
President Donald Trump on Monday said that Iran really wanted to make a deal with the U.S. and that it would be a good one for Washington and its allies.
Iran's Tasnim news agency said on Monday that Tehran's negotiating team is stopping exchanges of messages with the United States through mediators due to attacks on Lebanon, as diplomatic efforts to end the three-month-old Iran war continue.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.