US Treasury Sanctions Bank Over Iranian Sanctions Evasion

The U.S. Treasury Department sanctioned a major bank under 'Operation Economic Outcast' for facilitating money laundering and sanctions evasion for the Iranian regime. Treasury Secretary Scott Bessent stated the department will continue targeting entities supporting Iran's 'terrorist enterprise,' warning of accelerated enforcement. This action aims to disrupt financial networks aiding Iran and underscores the U.S. commitment to its sanctions policy.