KABUL: The U.S. Department of the Treasury has recently sanctioned 35 individuals and entities from Iran on charges of “money laundering.”
Reuters reported on Friday night that the sanctioned individuals and entities are part of a “banking network” that has laundered billions of dollars through global banking systems.
The report indicates that the sanctioned individuals and entities were operating in the United Arab Emirates and Hong Kong.
“Iran’s shadow banking system is a vital lifeline for the regime, through which it accesses oil revenues, moves money, and finances its destabilizing activities,” the agency quoted the Department of State Treasury as saying.
Published information suggests that this network assists Tehran in funding its nuclear program and supporting its proxy groups in the region.
These sanctions come at a time when U.S. President Donald Trump recently stated that Iran would not continue enriching uranium, as doing so would change Washington’s approach towards Tehran.
U.S. sanctions 35 Iranian individuals and entities
