US Hits Iran with Sweeping Sanctions in Crackdown on Currency Laundering. In a significant escalation of tensions between the US and Iran, the US Treasury Department has imposed severe sanctions on three major Iranian currency exchange houses and over a dozen associated front companies. The move, announced on Friday, targets alleged money laundering operations that have enabled Tehran to funnel billions of dollars in foreign currency to fund its military and proxy network. The sanctions are a direct response to growing concerns over Iran's illicit financing activities, which have been linked to its continued support for regional militant groups and nuclear development programs.
The US Treasury Department imposed sweeping sanctions Friday on three major Iranian currency exchange houses and more than a dozen front companies, The Post has learned, accusing them of laundering billions of dollars in foreign currency to bankroll Tehran’s military and proxy network.
