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11/29/2023, 4:53 PM (Source: TeleTrader)
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US sanctions Iran-related entities over illegal finance schemes

The United States Treasury Department said on Wednesday that it added over 20 individuals and entities who are believed to be involved in the "financial facilitation networks" of Iran's military and the Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF).

"Iran generates the equivalent of billions of dollars via commodity sales to fund its destabilizing regional activities and support of multiple regional proxy groups, including Hamas and Hizballah," the Treasury Department said in the statement, alleging that Iran sells commodities through a "network of front companies both inside Iran and abroad."

Treasury for Terrorism and Financial Intelligence Under Secretary Brian Nelson stated that Washington remains committed to "exposing elements of the Iranian military and its complicit partners abroad to disrupt this critical source of funds."

Baha Breaking News (BBN) / AB