(Daily Wire)—The Trump administration announced that it is sanctioning over 30 individuals and entities tied to three Iranian brothers who have laundered billions of dollars as part of Iran’s “shadow banking” network, which helps Tehran evade sanctions and fund the regime’s nuclear program and terrorist proxies.
Mansour, Nasser, and Fazlolah Zarringhalam have used Iranian exchange houses and foreign front companies to help Iran evade sanctions and move money from its oil and petrochemical sales, according to the Department of the Treasury’s Office of Foreign Assets Control (OFAC).
“Iran’s shadow banking system is a critical lifeline for the regime through which it accesses the proceeds from its oil sales, moves money, and funds its destabilizing activities,” Treasury Secretary Scott Bessent in a statement on X. “Treasury will continue to leverage all available tools to target the critical nodes in this network and disrupt its operations, which enrich the regime’s elite and encourage corruption at the expense of the people of Iran.”
The sanctions come as President Donald Trump follows through on his campaign promise to curb the Iranian regime. OFAC has sanctioned hundreds of individuals, entities, and vessels related to Iran and its proxies since Trump took office.
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