The U.S. Treasury Department has imposed sanctions on more than 30 individuals and entities tied to a massive Iranian shadow banking network accused of laundering billions of dollars to benefit the regime in Tehran.
The sanctions target figures linked to Iranian brothers Mansour, Nasser, and Fazlolah Zarringhalam. According to the Treasury’s Office of Foreign Assets Control (OFAC), the trio operated through Iranian exchange houses and dozens of front companies—mainly based in Hong Kong and the UAE—to funnel funds from Iran’s oil and petrochemical sales into the international financial system.
The scheme helped Iran evade sanctions, fund its nuclear and missile programs, and support proxy groups across the region.
“Iran’s shadow banking system is a lifeline for the regime,” said Treasury Secretary Scott Bessent. “We will keep targeting these critical networks that enrich elites and fuel corruption at the people’s expense.”
This marks the first round of sanctions targeting Iran’s shadow banking infrastructure since President Trump’s National Security Presidential Memorandum 2 revived the U.S. “maximum pressure” campaign on Tehran.
A 6.1-magnitude earthquake struck the Sındırgı district in western Türkiye’s Balıkesir province late on Monday, according to the country’s Di...
Israel said on Monday that the Red Cross had handed over the body of another deceased hostage from Gaza to the Israeli military, according to a statem...
The Southeast Asian bloc ASEAN and China on Tuesday signed an upgrade to their free trade agreement, which is expected to include sections on digital,...
-U.S. President Donald Trump lavished praise on Japan's first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming her pledge to accelerate a m...
Amazon AMZN.O is reportedly preparing to cut up to 30,000 corporate positions starting Tuesday, as part of a major cost-reduction effort aimed at corr...
A 6.1-magnitude earthquake struck the Sındırgı district in western Türkiye’s Balıkesir province late on Monday, according to the country’s Disaster and Emergency Management Authority (AFAD).
Russian President Vladimir Putin asked North Korean Foreign Minister Choe Son Hui during talks in the Kremlin on Monday to tell her country's leader Kim Jong Un that everything was "going to plan" in bilateral relations.
Israel said on Monday that the Red Cross had handed over the body of another deceased hostage from Gaza to the Israeli military, according to a statement by the Israeli prime minister's office.
-U.S. President Donald Trump lavished praise on Japan's first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming her pledge to accelerate a military buildup and signing deals on trade and critical minerals.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Israel said on Monday that the Red Cross had handed over the body of another deceased hostage from Gaza to the Israeli military, according to a statement by the Israeli prime minister's office.
The Southeast Asian bloc ASEAN and China on Tuesday signed an upgrade to their free trade agreement, which is expected to include sections on digital, green economy and other new industries.
-U.S. President Donald Trump lavished praise on Japan's first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming her pledge to accelerate a military buildup and signing deals on trade and critical minerals.
Amazon AMZN.O is reportedly preparing to cut up to 30,000 corporate positions starting Tuesday, as part of a major cost-reduction effort aimed at correcting overhiring during the pandemic, according to three people familiar with the matter.
Russia’s second-largest oil company, Lukoil LKOH.MM, announced on Monday that it plans to sell its international assets following U.S. sanctions imposed last week over Moscow’s ongoing conflict in Ukraine.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment