2026-08-07T18:31:42+00:00
The US State Department imposed new sanctions on Thursday
targeting a network of currency exchange houses, shell companies, banks, and
financial facilitators accused of helping Iran move hundreds of millions of
dollars through the international financial system
Through these networks, Tehran accessed oil revenue and
evaded sanctions designed to curb its destabilizing activities, laundering
funds using front companies, the department said in a statement
The sanctions form part of the Trump administration‘s
maximum pressure campaign to cut off financial reity, support terrorism, and advance its
military capabilities. The department warned that anyone assisting Tehran in
evading sanctions would face “serious consequences.”
US Treasury Secretary Scott Bessent pledged last week to
pursue Iranian funds worldwide under the maximum pressure policy. The Treasury
had earlier sanctioned a network linked to Iranian financier Babak Zanjani,
accusing it of laundering revenue, concealing ownership, and moving funds
through Iran and abroad, including transactions tied to wallets linked to the
Islamic Revolutionary Guard Corps (IRGC)
