The United States Department of the Treasury has announced new sanctions targeting 21 Iranians, foreign nationals, and firms accused of involvement in an illicit financial network for the benefit of the Iranian military, Al Jazeera reports.
In a statement on Wednesday, the department said that Iran relies on an array of “foreign-based front companies and brokers” to fund regional armed groups such as the Palestinian group Hamas and the Lebanon-based group Hezbollah.
Iran engages in “illicit finance schemes to generate funds to fan conflict and spread terror throughout the region,” claimed Brian Nelson, Treasury’s undersecretary for terrorism and financial intelligence.
Read more here.
