Iran War

US Sanctions 35 Individuals, Entities to Dismantle Iran’s Shadow Banking

As part of the Treasury’s policy of ‘Economic Fury,’ it is targeting Iran’s network that finances terrorism and the military.
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US Sanctions 35 Individuals, Entities to Dismantle Iran’s Shadow Banking
An Iranian citizen withdraw money from an ATM machine, Tehran, Iran, on Jan. 7, 2026. Atta Kenare/AFP via Getty Images
Kimberly Hayek
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The U.S. Treasury Department on April 28 imposed sanctions on 35 individuals and entities accused of running Iran’s secret shadow banking network.

Treasury has accused the network of transferring tens of billions of dollars to help Iran dodge U.S. sanctions and finance terrorism.

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Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.