US sanctions Iranian foreign currency exchange, international front companies
The US has imposed sanctions on an Iranian foreign currency exchange and several international front companies. These actions are aimed at disrupting Iran's shadow banking system, which is believed to support terrorist funding. Treasury Secretary Scott Bessent emphasized the need to combat these illicit financial activities.
- ▪The US has sanctioned an Iranian foreign currency exchange.
- ▪Several international front companies were also targeted in the sanctions.
- ▪The sanctions aim to disrupt Iran's shadow banking system that facilitates terrorist funding.
Opening excerpt (first ~120 words) tap to expand
US sanctions Iranian foreign currency exchange, international front companies“Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes,” said Scott Bessent, Secretary of the Treasury. Follow us on GoogleA general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.(photo credit: REUTERS/KEN CEDENO)
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Jerusalem Post | JPost.com.