US sanctions network accused of transferring billions to Iranian military ...Iraq

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Shafaq News/ The United States imposed sanctions on Tuesday targeting approximately 50 entities and individuals accused of transferring billions of dollars to Iran's military, the US Treasury Department announced.In a statement, the Treasury Department described the sanctioned parties as a "shadow banking" network that has been utilized by Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and the Islamic Revolutionary Guard Corps (IRGC), both of which are already under US sanctions.The department indicated that the network has facilitated MODAFL and the IRGC's access to the international financial system, conducting transactions worth billions of dollars since 2020.The primary s

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