US Treasury Hits Over 50 Firms and Vessels in Iran Shadow Banking Crackdown
BeInCrypto
The US Treasury sanctioned over 50 entities and vessels linked to Iran's shadow banking and oil networks, including significant cryptocurrency-related financial flows.Summary
The US Treasury has sanctioned more than 50 companies, vessels, and individuals as part of its 'Economic Fury' campaign against Iranian financial networks. Key targets include Amin Exchange and various front companies facilitating transactions for sanctioned Iranian banks. Treasury Secretary Scott Bessent emphasized the role of cryptocurrency in these illicit activities, noting that nearly $500 million in regime-linked crypto assets have been frozen, building on previous actions involving stablecoins like Tether on the Tron blockchain.
(Source：BeInCrypto)