Shafaq News- Washington
The US State Department imposed new sanctions on Thursdaytargeting a network of currency exchange houses, shell companies, banks, andfinancial facilitators accused of helping Iran move hundreds of millions ofdollars through the international financial system.
Through these networks, Tehran accessed oil revenue andevaded sanctions designed to curb its destabilizing activities, launderingfunds using front companies, the department said in a statement.
The sanctions form part of the Trump administration'smaximum pressure campaign to cut off financial resources that Washington saysIran uses to threaten regional stability, support terrorism, and advance itsmilitary capabilities. The department warned that anyone assisting Tehran inevading sanctions would face "serious consequences."
US Treasury Secretary Scott Bessent pledged last week topursue Iranian funds worldwide under the maximum pressure policy. The Treasuryhad earlier sanctioned a network linked to Iranian financier Babak Zanjani,accusing it of laundering revenue, concealing ownership, and moving fundsthrough Iran and abroad, including transactions tied to wallets linked to theIslamic Revolutionary Guard Corps (IRGC).
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