US Treasury Sanctions Over 50 Entities and Vessels Linked to Iranian Shadow Banking
The US Treasury sanctioned more than 50 companies, vessels, and individuals tied to Iran's shadow banking system as part of the Trump administration’s 'Economic Fury' campaign. The action targeted Amin Exchange and blocked oil tankers involved in transporting Iranian crude products since 2023. Secretary Scott Bessent highlighted efforts to freeze $500 million in regime-linked cryptocurrency, including a prior Tether (USDT) freeze on the Tron blockchain.
Topics: financial_sanctions international_relations shadow_banking