Tag: terrorism_financing
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Treasury Sanctions Iraqi Bank and Iranian Offshore Lenders, FinCEN Warns Banks on Charity Abuse
FinCEN's alert under Operation Economic Outcast asks financial institutions to report diversion of khums religious tithes through charity networks, while Treasury blocks an Iraqi bank, Iranian offshore banks, oil intermediaries and exchange houses.
Politics and GovernmentBusinessLaw EnforcementIranUSAFederal GovernmentBankingLegalMiddle EastMilitaryWorldIraqFinancial Markets FinCENOperation Economic Outcastreligious charity networkskhumsU.S. Department of the Treasuryfinancial institutionsFinancial Crimes Enforcement NetworkIran sanctionsInternational Development BankScott BessentOffice of Foreign Assets Controlshadow bankingUS TreasuryIranian regimereligious charitiesterrorism financing
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Treasury Sanctions Hamas Financiers Over $2 Million Sham Charity Scheme
OFAC designates a Hamas Al-Qassam Brigades member and two France-based individuals accused of funneling more than $2 million to Hamas through fake charities and cryptocurrency.
Politics and GovernmentConflictLaw EnforcementUSAFranceFederal GovernmentBankingMilitaryLegalMiddle East HamasOFACTreasury sanctionsScott BessentAl-Qassam BrigadesCryptocurrencyTerrorism financingUS Treasury
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U.S. Sanctions Target Iran's IRGC Oil Operations to China
The U.S. Treasury sanctioned 12 individuals and entities for enabling Iran's IRGC oil sales to China, aiming to cut funding for weapons and proxies. This "Economic Fury" targets the regime's revenue, with potential penalties for facilitators.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeMiddle EastAsia IranSanctionsOil TradeIRGCOFACChinaTerrorism FinancingUS Treasury