U.S. Treasury targets shadow banking network used by Iran under August program
AI Summary
U.S. Treasury took sanctions action against a shadow banking network used by Iran.
The measures are part of a new program that began in August.
Iran’s use of the targeted financial network is the stated basis for the action.
The U.S. Treasury has taken sanctions action against a shadow banking network used by Iran. The move is part of a new program that began in August and is focused on addressing such financial networks.
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