US Treasury sanctions seven entities and five people in Iran's shadow banking networks
Reportedon one origin only: 1 distinct origin, 0 tied to no party.
The US Treasury's Office of Foreign Assets Control designated seven entities and five individuals in networks centred on Dubai, with front companies in Hong Kong and Singapore and shell companies in China, that it said move money for Iran's oil exports and sanctions evasion, Treasury said. It described this as its eighth action of 2026 against Iran's shadow banking system. Treasury Secretary Scott Bessent said the regime was running out of ways to move money. A separate action the same day targeted crypto exchanges that Treasury said served the IRGC.
- When
- 7 August 2026
- Where
- Washington, the US
- What
- sanction
- Acting party
- Government of the United States
- Against
- Government of Iran
- Attribution
- Acknowledged by the acting party. Treasury press release.
- In the record
- Published 2026-10-27 21:03 UTC · revision 1 · backfilled
Sources
- Evidence US Treasury
History
| When | Field | From | To | Why |
|---|---|---|---|---|
| 2026-10-27 21:03 UTC | status | null | reported | P1 backfilled: researched from cited sources and graded by the one rule |
Cite or reuse
The War Record, "US Treasury sanctions seven entities and five people in Iran's shadow banking networks", ev-20261027-yqb0, revision 1, https://thewarrecord.com/events/ev-20261027-yqb0/