US applies sanctions over Iran shadow banking, drone network
1 year, 9 months ago

US applies sanctions over Iran shadow banking, drone network

Associated Press  

WASHINGTON — The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions. The Treasury Department said the companies — from Hong Kong to the United Arab Emirates — made up a “significant ‘shadow banking’ network” that gave cover to sanctioned Iranian entities to disguise petrochemical sales with foreign customers. “Today’s action demonstrates the United States’ commitment to enforcing our sanctions and our ability to disrupt Iran’s foreign financial networks, which it uses to launder funds,” Treasury Deputy Secretary Wally Adeyemo said. Secretary of State Antony Blinken said in a written statement that the U.S. “will continue to disrupt attempts to evade U.S. sanctions.” Also included in the Thursday announcement is a set of financial penalties on a China-based network of firms and one person accused of being responsible for the sale and shipment of thousands of drone components to Iran.

Sanctions Iran Iranian  united  foreign  firms  financial  applies  drone  iran  banking  sanctions  used  iranian  network  shadow

History of this topic

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers
3 weeks, 1 day ago

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers

Al Jazeera  

The latest US sanctions are part of an effort to disrupt Iran’s use of oil revenue to finance its nuclear programme. The United States has piled on additional sanctions against Iran targeting 35 entities and vessels that it says are part of a “shadow fleet of vessels” transporting cargoes of Iranian petroleum to foreign markets. The sanctions are similar to …

US sanctions hundreds of firms accused of supplying Russia’s war machine
4 months ago

US sanctions hundreds of firms accused of supplying Russia’s war machine

Associated Press  

WASHINGTON — The U.S. imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. Friday’s action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian …

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military
5 months, 4 weeks ago

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military

Associated Press  

WASHINGTON — The U.S. Treasury Department said Tuesday it is imposing economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military. Included in the sanctions are Seyyed Mohammad Mosanna’i Najibi, an Iranian-Turkish money-changer, 27 cover companies controlled by Najibi …

US sanctions ‘sprawling shadow banking network’ that helps Iran’s military
6 months ago

US sanctions ‘sprawling shadow banking network’ that helps Iran’s military

Al Jazeera  

Those sanctioned are involved in the sale of Iranian oil and petrochemicals, money that pays for weapons, proxy groups. The United States Department of the Treasury has announced economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that it claims have been acting as a “sprawling shadow banking network” for Iran’s …

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules
10 months, 1 week ago

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules

Associated Press  

WASHINGTON — The U.S. on Wednesday imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkey — for allegedly helping to export goods and technology purchased from U.S. companies to Iran and the nation’s central bank. Treasury’s Office of Foreign Assets Control said the procurement network transferred U.S. technology for use by Iran’s …

US Launches Fresh Sanctions Targeting Iran Revolutionary Guard
10 months, 3 weeks ago

US Launches Fresh Sanctions Targeting Iran Revolutionary Guard

News 18  

The United States announced new sanctions Friday aimed at the Iranian Revolutionary Guard, as Washington prepares retaliation after a strike killing three Americans in Jordan that was blamed on Iran-backed militias. The US Treasury Department said it was imposing sanctions on six officials in the cyber-electronic command of the Iranian Islamic Revolutionary Guard Corps, over activities targeting critical infrastructure. In …

US, Britain announce sanctions on network that targeted critics of Iran
10 months, 3 weeks ago

US, Britain announce sanctions on network that targeted critics of Iran

Al Jazeera  

The United States and the United Kingdom have imposed sanctions on a network of people who targeted Iranian opposition activists for assassination under Iran’s orders, the US Treasury Department has said. The US Treasury said the network was directed by Iran’s Ministry of Intelligence and Security and put sanctions on 11 people connected to it, including Iranian narcotics trafficker Naji …

US sanctions financial network tied to Iranian oil sales
1 year ago

US sanctions financial network tied to Iranian oil sales

Associated Press  

WASHINGTON — The U.S. on Wednesday said it imposed a new round of sanctions on a group of 20 people and firms allegedly involved in a financial facilitation network for the benefit of the Iranian military. The U.S. alleges that Sepehr acts as a front company for the Iranian government’s oil sales, which “fund its destabilizing regional activities and support …

New US sanctions target illicit financial network aiding Iran, military
1 year ago

New US sanctions target illicit financial network aiding Iran, military

Al Jazeera  

US Treasury Department says Iran relies on brokers, front companies to finance proxies across region, including Hamas. The United States Department of the Treasury has announced new sanctions targeting 21 Iranians, foreign nationals, and firms accused of involvement in an illicit financial network for the benefit of the Iranian military. “Iran generates the equivalent of billions of dollars via commodity …

US imposes more Iran drone sanctions as UN rules set to expire
1 year, 2 months ago

US imposes more Iran drone sanctions as UN rules set to expire

Associated Press  

WASHINGTON — The U.S. on Wednesday imposed sanctions on a group of people and firms based in Iran, China, Hong Kong and Venezuela, tied to the development of Iran’s ballistic missile and drone programs. Brian Nelson, Treasury’s under secretary for terrorism and financial intelligence said Iran’s “reckless choice to continue its proliferation of destructive UAVs and other weapons prolongs numerous …

The US sanctions 10 Hamas members and its financial network over the surprise Israel attack
1 year, 2 months ago

The US sanctions 10 Hamas members and its financial network over the surprise Israel attack

Associated Press  

WASHINGTON — The United States on Wednesday sanctioned a group of 10 Hamas members and the Palestinian militant organization’s financial network across Gaza, Sudan, Turkey, Algeria and Qatar in response to the surprise attack on Israel that left more than 1,000 people dead or kidnapped. Treasury Secretary Janet Yellen said the U.S. “is taking swift and decisive action to target …

US issues more sanctions over Iran drone program after nation’s president denies supplying Russia
1 year, 3 months ago

US issues more sanctions over Iran drone program after nation’s president denies supplying Russia

Associated Press  

WASHINGTON — The U.S. on Tuesday imposed sanctions on seven people and four companies in China, Russia and Turkey who officials allege are connected with the development of Iran’s drone program. The parties sanctioned Tuesday by Treasury’s Office of Foreign Assets Control include: An Iranian drone company previously sanctioned in 2008, now doing business as Shahin Co., its managing executives, …

US targets Iranian drone industry in latest round of sanctions
1 year, 9 months ago

US targets Iranian drone industry in latest round of sanctions

Al Jazeera  

Sanctions target firms and individuals accused of buying drone parts on behalf of the Iranian government. The United States has announced its latest round of sanctions against Iranian drone and missile production, this time focusing on firms and individuals who allegedly procured equipment for Tehran’s drone programme. In a statement on Tuesday, the US Department of the Treasury said the …

US issues more Iran sanctions amid stalled diplomacy
1 year, 9 months ago

US issues more Iran sanctions amid stalled diplomacy

Al Jazeera  

New measures target Iranian oil and petrochemical sales, as US says it is committed to reducing Iran’s energy exports. “The United States is committed to significantly reducing Iranian energy exports and will sanction those facilitating Iran’s petroleum and petrochemical trade,” the State Department said. “We will not hesitate to take action against those who try to circumvent our sanctions.” Iran …

Iran, Russia move to link banks to evade Western sanctions
1 year, 10 months ago

Iran, Russia move to link banks to evade Western sanctions

Live Mint  

Iran and Russia have taken a key step toward linking their banking systems in a move that further boosts their cooperation in the face of Western sanctions, an Iranian official said. In response to Russia's invasion of Ukraine nearly a year ago, Western countries banned key Russian banks from the Belgium-based SWIFT financial messaging system, which daily moves billions of …

Iran, Russia move to link banks to evade Western sanctions
1 year, 10 months ago

Iran, Russia move to link banks to evade Western sanctions

Associated Press  

DUBAI, United Arab Emirates — Iran and Russia have taken a key step toward linking their banking systems in a move that further boosts their cooperation in the face of Western sanctions, an Iranian official said. In response to Russia’s invasion of Ukraine nearly a year ago, Western countries banned key Russian banks from the Belgium-based SWIFT financial messaging system, …

US sanctions alleged Hezbollah financial adviser in Lebanon
1 year, 11 months ago

US sanctions alleged Hezbollah financial adviser in Lebanon

Associated Press  

BEIRUT — The United States on Tuesday slapped sanctions on a high-profile Lebanese economist alleged to be assisting the militant group Hezbollah with its financial operations. The U.S. Treasury Department announced sanctions against economist and money exchanger Hassan Moukalled; CTEX Exchange, a money service business owned by him; and Moukalled’s sons, Rayyan Moukalled and Rani Moukalled, who the Treasury said …

US hits Hezbollah accountants with terrorism sanctions
2 years ago

US hits Hezbollah accountants with terrorism sanctions

Associated Press  

WASHINGTON — The Biden administration on Thursday slapped terrorism sanctions on two accountants and two companies in Lebanon for providing the militant group Hezbollah with financial services. The Treasury Department announced it would also impose sanctions on a third person for assisting Hezbollah, a U.S.-designated “foreign terrorist organization,” with weapons acquisitions. “The individuals and companies being designated today have enabled …

US sanctions firms over Iranian drone transfers to Russia
2 years, 1 month ago

US sanctions firms over Iranian drone transfers to Russia

Associated Press  

WASHINGTON — The U.S. said Tuesday it is imposing new sanctions on firms and entities accused of being involved in the transfer of Iranian drones to Russia for use in Vladimir Putin’s ongoing invasion of Ukraine. The Treasury Department’s Office of Foreign Assets Control said it was designating Shahed Aviation Industries Research Center, which the U.S. says designs and produces …

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases
2 years, 2 months ago

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases

The Hindu  

In the first such move against oil shipments to India, the U.S. Treasury department announced it had imposed sanctions against a Mumbai based petrochemical company amongst several entities accused of selling Iranian petroleum products. “Today’s action targets Iranian brokers and several front companies in the UAE, Hong Kong, and India that have facilitated financial transfers and shipping of Iranian petroleum …

US sanctions traders of Iranian oil as nuclear talks stall
2 years, 2 months ago

US sanctions traders of Iranian oil as nuclear talks stall

Associated Press  

WASHINGTON — The U.S. on Thursday imposed sanctions on a group of firms it says have played a critical role in shipping sanctioned Iranian oil. The State Department designated two Chinese companies, and Treasury’s Office of Foreign Assets Control hit a network of companies based in Hong Kong, Iran, India and the United Arab Emirates. U.S. sanctions on Iran have …

With new sanctions, US vows to ‘severely restrict’ Iran oil sales
2 years, 2 months ago

With new sanctions, US vows to ‘severely restrict’ Iran oil sales

Al Jazeera  

The Biden administration explicitly links a fresh round of US sanctions to failure to restore the 2015 Iran nuclear agreement. Washington, DC – The Biden administration has announced a new round of sanctions against Iran, vowing to impose financial penalties on a “regular basis” in an effort to “severely restrict” Iranian oil and petrochemical exports. The administration of US President …

US sanctions affiliates of Iran’s IRGC for ‘malicious’ cyber acts
2 years, 3 months ago

US sanctions affiliates of Iran’s IRGC for ‘malicious’ cyber acts

Al Jazeera  

Washington accuses individuals and firms of compromising networks based in the US and other nations since at least 2020. The United States has imposed sanctions on 10 individuals and two entities that it says are linked to Iran’s Islamic Revolutionary Guard Corps and are involved in “malicious” cyber actions, including ransomware activity. In a statement on Wednesday, the US Department …

US sanctions firms over alleged use of Iranian drones in Ukraine
2 years, 3 months ago

US sanctions firms over alleged use of Iranian drones in Ukraine

Al Jazeera  

US Treasury Department unveils sanctions against four firms over alleged role in supplying Russia with Iranian drones. The US Treasury Department, in a statement on Thursday, said it designated Tehran-based Safiran Airport Services, accusing it of coordinating Russian military flights between Iran and Russia, including those associated with transporting drones, personnel and related equipment. The Treasury also designated Paravar Pars …

US imposes new sanctions on Iran over Albanian cyberattack
2 years, 3 months ago

US imposes new sanctions on Iran over Albanian cyberattack

Al Jazeera  

US sanctions on Iran’s intelligence ministry come after Albania blamed Iran for the July incident, which Tehran has denied. Washington, DC – The Biden administration has imposed new sanctions on Iran’s Ministry of Intelligence and Security over what it called “malign cyber activities” as the two countries struggle to find a way back into the 2015 nuclear deal. “Iran’s cyber …

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms
2 years, 4 months ago

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms

Al Jazeera  

The United States Treasury Department continues to work to limit Iran’s ability to conduct oil sales to East Asia. The United States on Monday issued fresh sanctions on Iran, this time targeting Chinese and other companies it said were used by one of Iran‘s largest petrochemical brokers to facilitate the sale of tens of millions of dollars’ worth of Iranian …

Treasury sanctions Iranian petrochemical firms tied to Asia
2 years, 5 months ago

Treasury sanctions Iranian petrochemical firms tied to Asia

Associated Press  

WASHINGTON — The Treasury Department said Wednesday that it has sanctioned a group of front companies and individuals tied to the sale and shipment of Iranian petroleum and petrochemical products to East Asia. Treasury’s Office of Foreign Assets Control imposed the sanctions on several companies, including Iran-based Jam Petrochemical Co., which has exported hundreds of millions of dollars worth of …

US imposes new Iran sanctions amid efforts to revive nuclear deal
2 years, 5 months ago

US imposes new Iran sanctions amid efforts to revive nuclear deal

Al Jazeera  

US measures targeting Iranian petroleum and petrochemical sales come ahead of Joe Biden’s visit to the region next week. The new measures, revealed on Wednesday, target “an international network of individuals and entities” that the Department of the Treasury said facilitated the sale of US-sanctioned Iranian petroleum and petrochemical products to East Asia. “While the United States is committed to …

US targets Chinese, UAE companies in new Iran sanctions
2 years, 6 months ago

US targets Chinese, UAE companies in new Iran sanctions

Al Jazeera  

US official says absent return to nuclear deal, Washington will use sanctions to limit Iranian petrochemical exports. The United States has imposed sanctions on Chinese and Emirati companies, as well as a network of Iranian petrochemical producers, accusing them of helping to “evade sanctions” by supporting the sale of Iran’s petrochemical products abroad. “Absent a deal, we will continue to …

Fresh US sanctions hit Russian bank, oligarchs, crypto miner
2 years, 8 months ago

Fresh US sanctions hit Russian bank, oligarchs, crypto miner

Al Jazeera  

The United States has imposed several rounds of sanctions on Moscow since its February 24 invasion of Ukraine. The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of existing sanctions over Russia’s invasion of Ukraine. The US Department of the …

US imposes sanctions over Iran’s ballistic missile programme
2 years, 8 months ago

US imposes sanctions over Iran’s ballistic missile programme

Al Jazeera  

Curbs target Iran-based agent and companies that the Biden administration says obtained supplies for Iran’s programme. In a statement on Wednesday, the US Treasury Department said the sanctions target an Iran-based procurement agent, Mohammad Ali Hosseini, and his network of companies that it accused of procuring “ballistic missile propellant-related materials”. Spokesman Saeed Khatibzadeh said the sanctions show the US “continues …

US issues new sanctions on alleged Houthi financing network
2 years, 10 months ago

US issues new sanctions on alleged Houthi financing network

Al Jazeera  

New sanctions come as Yemeni rebels ramped up attacks against Saudi Arabia and the UAE in recent weeks. “Despite pleas to negotiate an end to this devastating conflict, Houthi leaders continue to launch missile and unmanned aerial vehicle attacks against Yemen’s neighbors, killing innocent civilians, while millions of Yemeni civilians remain displaced and hungry,” Treasury Under-secretary Brian E Nelson said …

US Imposes Financial Sanctions, Visa Bans On Individuals And Entities From China, Myanmar, North Korea
3 years ago

US Imposes Financial Sanctions, Visa Bans On Individuals And Entities From China, Myanmar, North Korea

ABP News  

New Delhi: The United States imposed financial sanctions and visa bans on current and former government officials and entities from nine countries on Friday, reported AP. In an action marking the Human Rights Day, the US imposed sanctions on North Korea under the Biden administration and targeted the Myanmar military entities. Secretary of State Antony Blinken while announcing the measures …

US Moves to Tighten Iran Sanctions Enforcement as Nuclear Talks Stall
3 years ago

US Moves to Tighten Iran Sanctions Enforcement as Nuclear Talks Stall

News 18  

The Biden administration is moving to tighten enforcement of sanctions against Iran with the despatch of a senior delegation to the United Arab Emirates next week, the U.S. State Department said on Thursday. Then-president Donald Trump in 2018 pulled the United States out of a deal in which Iran agreed with major powers that it would curb its nuclear programme …

US announces new Iran sanctions, targeting Omani ‘broker’
3 years, 4 months ago

US announces new Iran sanctions, targeting Omani ‘broker’

Al Jazeera  

Sanctions come as talks stall between the Biden administration and Iran on restoring the nuclear deal. The United States imposed sanctions on an Omani businessman and companies linked to him over allegations of involvement in an oil-smuggling network that supports Quds Force of Iran’s Islamic Revolutionary Guard Corps. The sanctions targeted Mahmood Rashid Amur Al Habsi, described by the US …

US sanctions Iran-based money network funding Yemen’s Houthis
3 years, 6 months ago

US sanctions Iran-based money network funding Yemen’s Houthis

Al Jazeera  

Action comes as US also lifts sanction on three former Iranian government officials and two companies. The United States Treasury Department on Thursday sanctioned members of a smuggling network that US officials assert helps fund Iran’s Islamic Revolutionary Guard Corps and Iran-aligned Houthi fighters in Yemen. “This network’s financial support enables the Houthis’ deplorable attacks threatening civilian and critical infrastructure …

U.S. eyes major rollback in Iran sanctions to revive nuclear deal
3 years, 7 months ago

U.S. eyes major rollback in Iran sanctions to revive nuclear deal

The Hindu  

The Biden administration is considering a near wholesale rollback of some of the most stringent Trump-era sanctions imposed on Iran in a bid to get the Islamic Republic to return to compliance with a landmark 2015 nuclear accord, according to current and former U.S. officials and others familiar with the matter. But a senior State Department official involved in the …

Concerns mount for human toll after US blacklists Iran’s banks
4 years, 2 months ago

Concerns mount for human toll after US blacklists Iran’s banks

Al Jazeera  

While the Trump administration insists that sanctions do not interfere with the flow of humanitarian goods, critics in Iran and outside of it are pushing back on Washington’s narrative. All countries see these US moves are completely against international rules by Iranian President Hassan Rouhani Push back President Donald Trump’s administration has long maintained that humanitarian trade is exempt from …

US sanctions Iran’s entire financial sector
4 years, 2 months ago

US sanctions Iran’s entire financial sector

Al Jazeera  

The administration of United States President Donald Trump tightened the noose further around Iran’s beleaguered economy on Thursday, announcing a fresh round of sanctions that will effectively shut the country out of the global financial system. On Thursday, the US Department of the Treasury announced it is blacklisting 18 major Iranian banks – 16 of which were targeted for “operating …

US Sanctions Chinese, UAE Firms Accused of Skirting Embargo on Iran Oil Exports
4 years, 3 months ago

US Sanctions Chinese, UAE Firms Accused of Skirting Embargo on Iran Oil Exports

News 18  

The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo on Iran’s oil exports. “Iran must stop exploiting its natural resources to fund terror and destruction across the region,” US Secretary of State Mike Pompeo warned in a tweet. The US State Department imposed punitive measures …

Discover Related