The United States has imposed sanctions on 22 entities linked to a transnational network engaged in illicit oil trade on behalf of the Iranian regime.
The U.S. Department of State annonuced that Iran's “Shadow Banking” network had operated through foreign front companies to move funds that "support the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), finance Tehran’s destabilizing activities and campaigns of terror, and advance its ballistic missile programs—actions that threaten international peace and security."
"Iran uses front companies based in Hong Kong, United Arab Emirates, and Türkiye as part of this network to help sanctioned Iranian government entities generate revenue from the sale of petroleum and other commodities subject to U.S. sanctions," the Department of State said and added that the United States would continue to deny Iran access to financial networks and the global banking system as long as Iran continues its destabilizing activities.
According to the Department of the Treasury’s Office of Foreign Assets Control, the IRGC-QF primarily leverages front companies outside of Iran, which use offshore accounts to transfer hundreds of millions of dollars in profits derived from Iranian oil sales to circumvent sanctions and funnel funds toward IRGC-QF terrorist activities.
Refineries purchasing Iranian oil, transfer payments to these front companies, which then move the funds to other front company accounts also controlled by the IRGC-QF.
Russia has delivered a large shipment of humanitarian aid to Iran, as ongoing conflict damages health infrastructure and leaves civilians in urgent...
Georgia’s political crisis is intensifying as Prime Minister Irakli Kobakhidze hardens his stance on prot...
Central Asia’s energy systems are becoming increasingly vulnerable as countries depend heavily on single power sources while facing mounting ...
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near I...
There’s little indication that recent developments between the United States and Iran have shifted either side’s core positions, accord...
Cuba has rejected suggestions that the future of its political system or President Miguel Díaz-Canel’s term was discussed in talks with the United States, after reports Washington wanted him removed from power.
Uzbekistan has outlined plans to select its first astronaut and launch two Earth observation satellites, as it steps up efforts to build a national space programme and strengthen its scientific and technological capacity.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 21 March, covering the latest developments you need to know.
A U.S. federal arts body has approved the design of a 24-karat gold commemorative coin featuring President Donald Trump, on Thursday (19 March) paving the way for its release as part of celebrations marking the country’s 250th anniversary on 4 July.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East as the rest of the world battle with the consequences of the war. Welcome to AnewZ's coverage of the tensions in the Middle East.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
Danish Prime Minister Mette Frederiksen resigned on Wednesday after her coalition suffered a heavy election defeat, triggering negotiations over who will form the next government.
Iran is not seeking war but will only accept a settlement that ensures a permanent end to the conflict, Foreign Minister Abbas Araghchi has said, as tensions between Iran, Israel and the United States continue to fuel fears of a wider regional escalation - latest on the Middle East conflict.
A drone has flown into Estonian airspace from Russia. It happened early on Wednesday morning and slammed into a chimney at a local power station, the Baltic country's Internal Security Service told public broadcaster ERR.
Russia has delivered a large shipment of humanitarian aid to Iran, as ongoing conflict damages health infrastructure and leaves civilians in urgent need of care.
Georgia’s political crisis is intensifying as Prime Minister Irakli Kobakhidze hardens his stance on protest-related arrests, insisting that detainees must show “repentance and confession” before any discussion of amnesty or pardon can begin.
Central Asia’s energy systems are becoming increasingly vulnerable as countries depend heavily on single power sources while facing mounting climate pressures, a new report by the Eurasian Development Bank (EDB) warns.
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Türkiye's transportation minister said.
There’s little indication that recent developments between the United States and Iran have shifted either side’s core positions, according to political analyst James Dorsey who spoke to AnewZ on the Daybreak programme.
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