U.S. Sanctions Network for Moving Billions of Dollars for Iran
The U.S. said it would impose sanctions on Babak Zanjani, an Iranian businessman, a Malaysian bank and international front companies for “moving billions of dollars” on behalf of Iran, according to a statement today from the Treasury Department.
The Treasury also sanctioned Naftiran Intertrade Co., which it said was a Swiss-based Iranian oil trading company, for being owned or controlled by the National Iranian Oil Co., according to the statement.
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