Washington targets Iran's financial networks including Kebir Bank
The U.S. Treasury Department announced that Washington will impose sanctions on a "major" bank on Monday due to its dealings with Iran, as part of its campaign to isolate Tehran economically. Treasury Secretary Scott Pruitt did not specify the name of the bank or its country, but emphasized that these measures are part of efforts to target entities that finance or support the Iranian regime, aiming to dismantle networks involved in oil smuggling, money laundering, and sanctions evasion. The latest sanctions package included restrictions on approximately 60 individuals and entities, and it reinforced licensing policies, warning financial institutions against engaging with sanctioned entities, as part of ongoing pressure on Iran until it changes its behavior.
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