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US sanctions against shadow banking network: Iran supports the military!
US sanction a Shadow Banking network that supports Iranian military. Details about the affected people and financial transfers.
US sanctions against shadow banking network: Iran supports the military!
On October 7, 2025, the US Ministry of Finance sanctioned a network in the area of the shadow banks, which is accused of transferring money to support the Iranian military. This measure follows the continuing efforts of the American authorities to contain the financing of terrorist activities in connection with Iran. The network is intended to use funds from the sale of Iranian oil for military purposes.
The authority for foreign assets (OFAC) has punished two Iranian financial brokers as well as more than a dozen people and companies who are based in Hong Kong and the United Arab Emirates (VAE). These entities are suspected of having coordinated sanctions and money transfers about offshore companies and cryptocurrencies. According to OFAC, the financial means of the Iranian military are used to support regional terrorist proxy groups and to develop modern weapons systems.
Details on the sanctions
The sanctioned Iranian citizens include Alireza Derakhshan and Arash Estaki Alivand. These people have built up an extensive network of front companies to acquire over $ 100 million in cryptocurrencies for oil sales from the Iranian government between 2023 and 2025. These illegitimate financial flows are a serious threat to international efforts to restrict the economic means of Iran.
The OFAC has said that the assets of sanctioned Indivuen and companies in the USA must be blocked. In addition, all companies that are owned directly or indirectly by one or more of these blocked people are also affected. Transactions of US persons or within the USA that affect property or interests to the property of blocked persons are generally prohibited without the approval of the OFAC.
Reactions to the sanctions
The Sanctions of the US Ministry of Finance show the determination of the United States that Iran's support for terrorist activities. However, experts warn that such measures can not only destabilize the institutions concerned, but also the regional markets. The potential for an escalation of the conflict remains in view of these developments.
Overall, the current measures of the US Ministry of Finance illustrate the complexity and the seriousness of the problems in connection with the financing of the Iranian military. The international efforts to combat these practices are under pressure, while the geopolitical tensions in the region continue to increase.
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