We are imposing sanctions on a “shadow banking” network of 39 entities across multiple jurisdictions. These multi-jurisdictional illicit finance systems provide sanctioned Iranian entities access to the international financial system and enable them to obfuscate their trade with foreign customers.
We are imposing sanctions on a “shadow banking” network of 39 entities across multiple jurisdictions. These multi-jurisdictional illicit finance systems provide sanctioned Iranian entities access to the international financial system and enable them to obfuscate their trade with foreign customers.
U.S. DEPARTMENT OF STATE
Office of the Spokesperson
For Immediate Release
STATEMENT BY SECRETARY ANTONY J. BLINKEN
March 9, 2023
Designating Iran Sanctions Evasion Networks
We are imposing sanctions on a “shadow banking” network of 39 entities across multiple jurisdictions. These multi-jurisdictional illicit finance systems provide sanctioned Iranian entities access to the international financial system and enable them to obfuscate their trade with foreign customers. Today’s actions, which the Department of the Treasury is undertaking pursuant to Executive Order (E.O.) 13846, demonstrate our commitment to enforce our sanctions on the Iranian regime and disrupt the foreign networks upon which it relies to evade U.S. sanctions.
Iranian currency exchange houses create front companies abroad to enable trade on behalf of their Iranian clients and help them evade U.S. sanctions. Companies utilizing these networks have generated tens of billions of dollars for the Iranian regime across a variety of fields.
The United States will continue to disrupt attempts to evade U.S. sanctions, and we will use the tools at our disposal to protect both the U.S. and international financial system.
For more information about these designations, please see the Department of the Treasury’s press release.
https://home.treasury.gov/news/press-releases/jy1330
In the absence of diplomatic or consular relations of the United States of America with the Islamic Republic of Iran, the Swiss government, acting through its Embassy in Tehran, has served as the Protecting Power of the USA in Iran since 21 May 1980. The Swiss Embassy’s Foreign Interests Section provides consular services to U.S. citizens living in or travelling to Iran.
The Swiss Embassy can provide the following services: Reporting the Death of a U.S. Citizen, Passport Services, Report of a Birth Abroad, Local Resources (Notarial Services, Medical Assistance) and Social Security.