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US Treasury Sanctions 35 Entities and Individuals in Iran's Shadow Banking Network
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The US Department of the Treasury's Office of Foreign Assets Control announced that the US government has imposed sanctions on 35 entities and individuals linked to Iran's shadow banking network. It also issued warnings to banks engaging in business with independent refineries in China, accusing these refineries of paying transit fees to Iran for shipments passing through the Strait of Hormuz. The Treasury emphasized that banks conducting business with such companies will face significant sanctions risks. In a separate advisory, the Treasury stressed that US persons or entities are prohibited from authorizing any payments to Iran or the Islamic Revolutionary Guard Corps for security transit fees related to the Strait of Hormuz. Foreign financial institutions that transact with any party involved in such payments will be exposed to sanctions risks. (fc/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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