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.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting reta...
Ayatollah Ali Khamenei, Iran’s supreme leader for 36 years and the country’s highest political and religious authority, has died aged 8...
Journalist and International Affairs Commentator, Tom Gross, joined AnewZ from Tel Aviv to tell us why he thinks the attack happened now and whether t...
Following the U.S.-Israel strikes, Iran has called for an urgent meeting of the United Nations Security Council to be held on Monday (2 March), and vo...
The international reaction to the U.S. and Israel’s strikes on Iran came in fast and strong....
Ayatollah Ali Khamenei, Iran’s supreme leader for 36 years and the country’s highest political and religious authority, has died aged 86 following joint Israeli and U.S. strikes on his compound in Tehran.
Journalist and International Affairs Commentator, Tom Gross, joined AnewZ from Tel Aviv to tell us why he thinks the attack happened now and whether this could mark the beginning of the end for the Iranian leadership.
Following the U.S.-Israel strikes, Iran has called for an urgent meeting of the United Nations Security Council to be held on Monday (2 March), and vowed strong retaliation to the attacks. Touraj Shiralilou sent this update from Tehran.
The international reaction to the U.S. and Israel’s strikes on Iran came in fast and strong.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
Two people were killed and around 40 injured when a tram derailed in central Milan on Friday (27 February), a spokesperson for the local fire service said.
Governments across the region responded swiftly to Israel’s strikes on Iran, closing airspace, issuing travel advisories and activating contingency plans amid fears of escalation.
Pakistani air strikes hit a weapons depot on the western outskirts of Kabul overnight, triggering hours of secondary explosions that rattled homes across the Afghan capital and left residents fearing further violence.
Ayatollah Ali Khamenei, Iran’s supreme leader for 36 years and the country’s highest political and religious authority, has died aged 86 following joint Israeli and U.S. strikes on his compound in Tehran.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Journalist and International Affairs Commentator, Tom Gross, joined AnewZ from Tel Aviv to tell us why he thinks the attack happened now and whether this could mark the beginning of the end for the Iranian leadership.
Following the U.S.-Israel strikes, Iran has called for an urgent meeting of the United Nations Security Council to be held on Monday (2 March), and vowed strong retaliation to the attacks. Touraj Shiralilou sent this update from Tehran.
The international reaction to the U.S. and Israel’s strikes on Iran came in fast and strong.
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