US slaps sanctions on Iran’s ‘shadow banking’ network ...News

The administration of President Joe Biden has targeted an alleged “shadow banking network” for the Iranian military The US government has cracked down on nearly 50 organizations and individuals accused of handling money transfers for Tehran, imposing sanctions against what it called a “sprawling shadow banking network” for the Iranian military. The US Treasury Department announced the new sanctions on Tuesday, saying the targeted entities had moved around billions of dollars for the Iranian Defense Ministry and the Islamic Revolutionary Guard Corps (IRGC) since 2020. The network allegedly gave Iran’s military forc

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