US dismantles financial network aiding Iran’s money laundering

The US State Department has announced new measures targeting sources of funding for the Iranian regime, reaffirming that President Donald Trump’s administration is maintaining its “maximum pressure” policy on Tehran by targeting banks, currency exchange offices, and companies used to circumvent sanctions.

The department said the dismantling of a network of exchange offices and shell companies that helped Iran launder money is part of US efforts to cut off financial channels linked to the Iranian regime.

The State Department stressed that the Trump administration continues to target banks and exchange offices operated by the Iranian regime, warning that any party assisting Iran in evading sanctions will face “severe consequences.”

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The department added that Iran’s continued support for terrorism and regional aggression will come at a “high price,” affirming the ongoing implementation of measures aimed at restricting the Iranian regime’s sources of funding.