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Friday, September 4, 2026

US warns firms against laundering funds for Iran

 The United States Department of State cautioned on Friday that businesses involved in laundering funds or evading sanctions for Iran's leadership could lose access to the US financial system.

"The US is cutting off the Iranian regime's access to the global financial system. New Treasury sanctions on Turkey-based Golden Global Bank mark the latest action in Operation Economic Outcast," a spokesperson for the department, Tommy Pigott, shared in a post on X.

Earlier in the day, the US Treasury Department issued new Iran-related sanctions, targeting assets of the Turkish bank, which is supposedly involved in the Iranian oil trade.

https://breakingthenews.net/Article/US-warns-firms-against-laundering-funds-for-Iran/67049832

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