Feds sanction people in 'shadow banking' scheme to sell Iranian oil
Business
Sept. 16 (UPI) -- The U.S. Department of Treasury announced Tuesday that it's sanctioning two Iranian financial facilitators and more than a dozen Hong Kong- and United Arab Emirates-based people and entities for "shadow banking" in support of Iran. The Treasury Department alleged that these people helped coordinate funds transfers , including from the sale of Iranian oil, that benefited the IRGC-Qods Force and Iran's Ministry of Defense and Armed Forces Logistics, a press release said. "
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