US Blacklists Companies For Evading Iran Sanctions

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Times of Israel – The US is blacklisting an Iranian businessman, a Malaysian bank and a string of companies for allegedly attempting to evade economic sanctions against Iran.

The Treasury Department said Thursday that Babak Morteza Zanjani operated a network of front companies to help Iran access oil revenues in violation of US sanctions. The department said the network moved billions of dollars, including tens of millions to a company controlled by Iran’s elite Revolutionary Guard force.

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Source: The Algemeiner

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