U.S. Sanctions Network Financing Iran's Military Operations

Nearly 50 entities and individuals across multiple countries targeted for illicit financial activities supporting Iranian paramilitary groups.

The U.S. Treasury sanctioned entities in Hong Kong, UAE, and Marshall Islands involved in a 'shadow banking network.'
Sanctioned groups allegedly facilitated billions in transactions for Iran's Ministry of Defense and the IRGC.
Funds were used to support proxy groups like Yemen's Houthis and for drone transfers to Russia.
The sanctions freeze U.S. assets of the targeted entities and bar Americans from dealing with them.
This action follows previous sanctions against Iranian drone producers and other financial networks.