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.
UK Prime Minister Keir Starmer has accused U.S. President Donald Trump of making “insulting and frankly appalling” remarks about Nato forces in Af...
Russia and China said on Friday they oppose what they described as Western efforts to militarise the Asia-Pacific region, vowing closer coordination w...
Sanctum is a documentary about faith preserved through respect, and history protected through responsibility....
Belgium has banned aircraft transporting weapons and military equipment to Israel from using its airspace or making technical stops, the Foreign Minis...
Tokyo Electric Power Company (TEPCO) has suspended operations at the Kashiwazaki-Kariwa nuclear power plant in Japan, just a day after a reactor was b...
UK Prime Minister Keir Starmer has accused U.S. President Donald Trump of making “insulting and frankly appalling” remarks about Nato forces in Afghanistan, saying the comments wrongly diminish the sacrifice of British and allied troops and should be followed by an apology.
Russia and China said on Friday they oppose what they described as Western efforts to militarise the Asia-Pacific region, vowing closer coordination with Southeast Asian countries to address emerging security challenges.
Belgium has banned aircraft transporting weapons and military equipment to Israel from using its airspace or making technical stops, the Foreign Ministry confirmed to Anadolu on Friday.
Italy’s legendary couturier Valentino was laid to rest in Rome on Friday (23 January), drawing designers, actors and industry leaders to a ceremony marked by quiet emotion and flashes of his signature red.
President Donald Trump said on Thursday that the United States has an "armada" heading toward Iran but hoped he would not have to use it, as he renewed warnings to Tehran against killing protesters or restarting its nuclear programme.
A commuter train collided with a construction crane in southeastern Spain on Thursday (22 January), injuring several passengers, days after a high-speed rail disaster in Andalusia killed at least 43 people.
Turkish President Recep Tayyip Erdoğan has told his Iranian counterpart Masoud Pezeshkian that Türkiye opposes any form of foreign intervention in Iran, as protests and economic pressures continue to fuel tensions in the Islamic republic.
Azerbaijan’s State Oil Fund, State Oil Fund of Azerbaijan (SOFAZ), has signed a long-term strategic cooperation agreement worth up to $1.4 billion with Brookfield Asset Management on the sidelines of the World Economic Forum in Davos, officials said.
A fire alarm prompted the partial evacuation of the Davos Congress Centre on Wednesday evening while Donald Trump was inside the building attending the World Economic Forum, Swiss authorities said.
U.S. President Donald Trump said on Friday that Canada is opposing the possible construction of his proposed “Golden Dome” missile defence system over Greenland, despite what he claimed would be security benefits for Canada.
Russia and China said on Friday they oppose what they described as Western efforts to militarise the Asia-Pacific region, vowing closer coordination with Southeast Asian countries to address emerging security challenges.
Sanctum is a documentary about faith preserved through respect, and history protected through responsibility.
Belgium has banned aircraft transporting weapons and military equipment to Israel from using its airspace or making technical stops, the Foreign Ministry confirmed to Anadolu on Friday.
Tokyo Electric Power Company (TEPCO) has suspended operations at the Kashiwazaki-Kariwa nuclear power plant in Japan, just a day after a reactor was brought back online for the first time in more than a decade.
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