Hidden ledger: Iran’s shadow banking network largely escapes US sanctions
TL;DR Summary
An Iran International investigation shows Iran’s shadow banking extends far beyond the sanctioned core, using 15 foreign banks in the UAE and China to move billions; most of these banks have not faced U.S. penalties, and enforcement gaps suggest the network’s full scale is much larger than the seven‑month snapshot.
- US crackdown leaves much of Iran’s shadow banking untouched Iran International
- US plans to sanction another bank to keep economic pressure on Iran Al Jazeera
- Bessent vows to 'asphyxiate' Iran economically, warns regime's offshore assets will be frozen Fox Business
- Bessent says U.S. likely to announce Iran bank sanctions this week Reuters
- The Morning Risk Report: U.S. Hits Bank With ‘Outcast’ Action WSJ
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