The United States on Tuesday imposed new sanctions on a number of companies and individuals in Iran, saying it was aiding billions of dollars to Iran’s elite Revolutionary Guard.
The US Treasury in a statement said it was blacklisting 25 people and entities associated with Iran’s Islamic Revolutionary Guards Corps and the Ministry of Defense and Armed Forces Logistics, including banks and other financial institutions.
“We are targeting a vast network of front companies and individuals located in Iran, Turkey, and the UAE to disrupt a scheme the Iranian regime has used to illicitly move more than a billion dollars in funds,” Aljazeera quoted Treasury Secretary Steven Mnuchin as saying in a statement.
The sanctions seek to set out names out of the “global financial system” by banning US citizens and US businesses from doing business with them.
Mnuchin said the IRGC and MODAFL continued to try to evade sanctions to help Iran’s government fund terrorism and destabilize the Middle East.
Treasury warned “Any foreign financial institution that knowingly facilitates a significant transaction for any of the individuals or entities designated today could be subject to US sanctions,” Aljazeera quoted.
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