The U.S. State Department said the U.S. Treasury today took action to dismantle a network of money exchangers and shell companies that helped Iran secretly move hundreds of millions of dollars through the international financial system. The network funneled oil revenues to Tehran and used front companies to launder funds and evade sanctions aimed at curbing its destabilizing activities.

2026-08-08

The U.S. State Department said the U.S. Treasury today took action to dismantle a network of money exchangers and shell companies that helped Iran secretly move hundreds of millions of dollars through the international financial system. The network funneled oil revenues to Tehran and used front companies to launder funds and evade sanctions aimed at curbing its destabilizing activities.