The US Treasury Department has sanctioned nine firms and four individuals linked to Iranian financier Babak Zanjani for attempting to evade existing sanctions.
Key facts
- •The US Treasury Department announced the new sanctions on Friday.
- •The measures target nine firms and four individuals.
- •The sanctions were imposed due to attempts to evade existing restrictions.
- •Babak Zanjani is an Iranian financier who was already under sanctions.
The United States Treasury Department announced on Friday that it is implementing new sanctions against key businesses and associates of Iranian financier Babak Zanjani. The action targets entities and individuals within Zanjani's business network for their efforts to evade existing sanctions.
Scope of the Sanctions
The Treasury Department's latest measures impact a total of nine firms and four people associated with Zanjani. These individuals and companies are identified as part of the financier's broader business network.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by The Hill.
