Washington, September 16, 2025: The United States on Tuesday announced a new round of Iran-related sanctions, targeting individuals and entities accused of financing Tehran’s military, including networks based in Hong Kong and the United Arab Emirates, the Treasury Department said.
The measures focus on groups alleged to have facilitated fund transfers — including proceeds from Iranian oil sales — to benefit the Islamic Revolutionary Guard Corps’ Quds Force and Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL).
“These shadow banking networks — run by trusted illicit financial facilitators — exploit the international financial system, laundering money through overseas front companies and cryptocurrency to evade sanctions,” the Treasury said in a statement.
Under U.S. law, sanctions bar American individuals and companies from conducting transactions with designated persons or entities.
Tuesday’s move follows a June sanctions round that targeted one individual and eight companies accused of sourcing and shipping sensitive machinery for Iran’s defense industry.
Earlier this month, Tehran said the path to nuclear talks with Washington remains open, but claimed U.S. demands to curb its ballistic and hypersonic missile program are blocking progress.
Diplomatic efforts collapsed after a sixth round of negotiations was suspended in the wake of Israeli and U.S. strikes on Iranian military and nuclear sites, which prompted Iran to retaliate with volleys of ballistic and hypersonic missiles against Israel.
