South China Morning Post
AsiaPac · 10 mins ago
✦ 78◉ Centre
US Treasury Department tells banks to flag suspected Iranian money-laundering networks
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AI Analysis
Accuracy 78/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
The US Treasury Department has instructed banks and financial institutions to identify and monitor suspected Iranian money-laundering networks involved in sanctions evasion through shell companies and cryptocurrency, as US-Iran tensions persist.
US Treasury Department tells banks to flag suspected Iranian money-laundering networks
The Treasury Department wants US banks and other financial institutions to monitor for suspected Iranian money-laundering networks that use their funds to smuggle sanctioned oil through shell companies and cryptocurrency networks.
The move, which effectively deputises the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the US and Iran reached another impasse over how to end their war while their ceasefire has grown increasingly shaky.
US President Donald
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