Overview

• The U.S. Treasury Department imposed new sanctions on over 30 individuals and entities accused of facilitating Iranian oil and petrochemical exports.
• The designations name brothers Mansour, Nasser and Fazlolah Zarringhalam for laundering billions of dollars through a global shadow banking network.
• Two UAE-based firms, ACE Petrochem FZE and Moderate General Trading LLC, were added to the Specially Designated Nationals list for their links to the state-owned National Iranian Tanker Company.
• Investigators uncovered shell companies in Hong Kong and Iran that used falsified documentation and aliases to obscure the origins of crude shipments to Asia.
• Treasury officials say the measures are meant to choke off Tehran’s revenue streams that fund its nuclear and missile programs and support militant proxies.