US Slaps Sanctions on Network It Accuses of Moving Billions for Iran’s Military

US Slaps Sanctions on Network It Accuses of Moving Billions for Iran’s Military
The Treasury Department in Washington on March 25, 2024. Madalina Vasiliu/The Epoch Times
Reuters
Updated:
0:00

WASHINGTON—The United States on Tuesday imposed sanctions on nearly 50 entities and people it accused of moving billions of dollars for Iran’s military.

The U.S. Treasury Department in a statement said those targeted on Tuesday constitute a “shadow banking network” used by Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and Islamic Revolutionary Guard Corps (IRGC), both of which are under U.S. sanctions.