US Treasury, UAE sanction Iran money exchange network
(Worthy News) – The US Treasury on Thursday said it had sanctioned six individuals and three entities accused of funneling “hundreds of millions” of dollars to the Iranian Revolutionary Guard’s elite Al Quds Force (IRGC-QF).
In Washington, Treasury Secretary Steven T. Mnuchin accused “the Iranian regime and its Central Bank” of misusing banking access in the UAE to acquire US dollars to fund the IRGC-QF’s “malign activities, and to arm its “regional proxy groups.”
They had concealed the acquisition of funds and transfers, Mnuchin asserted, adding that the treasury was acting with the UAE. [ Source: Deutche Welle (Read More…) ]
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