Hong Kong Key Hub for Iranian Sanctions Evasion, New Report Finds

OFAC has sanctioned at least 95 Hong Kong entities since 2020 for helping with Iranian oil trades and sanctions evasion.

A man looks at the city's skyline as a storm approaches in Hong Kong on April 2, 2014. Philippe Lopez/AFP/Getty Images

Hong Kong has become a key hub in helping Iran evade international sanctions, according to a new report.

The Committee for Freedom in Hong Kong (CFHK) Foundation released the document, titled “Oil, Arms, and Cash: How Hong Kong Fuels the Iranian Regime,” on Monday.