The US Department of Finance announced Friday the imposition of sanctions on more than 30 natural persons and companies accused of helping Iran to bypass sanctions and rinse billions of dollars from the sale of oil and petroleum products. The defendants served as a “shadow banking system”, which included a nightlife companies in Hong Kong and the United Arab Emirates, the US Treasury said. He points out that the aim was to bypass existing sanctions, to conceal the origin of the revenue and to channel money into military programs. Iran’s nuclear program New sanctions freeze any assets of the accused entities in the US while prohibiting US citizens from dealing with them. They also make the ability of penalties to be active internationally, especially since transactions are US dollars. Washington and Tehran carry out negotiations on the future of its nuclear program […]
Source: News Beast
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