Treasury Targets Iranian Banks, Investment Firm for Sanctions
The U.S. Treasury Department today said it targeted an Iranian investment firm and other entities for financial sanctions aimed at preventing the spread of weapons of mass destruction. Today’s sanctions affect entities with links to the Islamic Revolutionary Guard Corps and the Islamic Republic of Iran Shipping Lines, the department said. The Treasury said those two organizations have engaged in ‘illicit activities and deceptive behavior” to avoid existing financial blockades. The targeted firms include Bonyad Taavon Sepah, which the ...
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