Bessent Warns US to End Dollar Access to Iran Money Launderers
U.S. Treasury Secretary Scott Bessent announced new sanctions targeting five of Iran's key economic lifelines: digital assets, technology, gold, aviation, and shipping. He warned that any entity facilitating money laundering for Iran will be removed from the U.S. dollar system, stating, "The clock just started ticking." The Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels involved in Iran's illicit procurement of nuclear and missile technology, cyber operations, and oil revenue generation.
These expanded sanctions aim to collapse Iran's options for generating revenue and conducting illicit activities, impacting global financial markets and geopolitical stability.
SCOTT BESSENT IRAN SANCTIONS U.S. DOLLAR SYSTEM MONEY LAUNDERING
