U.S. TREASURY'S BESSENT SAYS EXPECTS EUROPEAN PARTNERS TO SUPPORT IRAN SANCTIONS
BY BLOCKING IRAN'S FINANCIERS, SHUTTERING ITS BANK BRANCHES AND UNMASKING ITS
SHELL COMPANIES
BESSENT: SOME U.S. SANCTIONS DESIGNATIONS ARE OBSOLETE AND OUTDATED, MAY CAUSE
UNINTENDED CONSEQUENCES
BESSENT: U.S. TREASURY IS REVIEWING SANCTIONS LIST TO MAKE IT EASIER FOR
FINANCIAL INSTITUTIONS TO FOCUS ON MOST SOPHISTICATED TERRORIST FINANCING AND
SANCTIONS EVASION SCHEMES
BESSENT: COUNTRIES IN MIDDLE EAST AND ASIA ALSO NEED TO ROOT OUT IRAN'S SHADOW BANKING NETWORKS
