Treasury calls on US banks to flag customers who may be laundering money for Iran

The Treasury Department wants U.S. banks to monitor suspected Iranian money laundering networks. These networks allegedly use funds to smuggle sanctioned oil through shell companies and crypto networks. The move aims to disrupt Iran’s sanctions-evasion infras…

WASHINGTON (AP) The Treasury Department wants U.S. banks and other financial institutions to monitor for suspected Iranian money laundering networks that use their funds to smuggle sanctioned oil thr…

Originally published by Associated Press. Read the full article →