Global Trade Alert
Global Trade Alert

United States of America: Treasury sanctions entities linked to Iranian shadow banking and currency exchange networks

Announcement

01 May 2026

In May 2026, the U.S. Department of the Treasury imposed sanctions on three Iranian foreign currency exchange houses and 15 associated front companies in Hong Kong and the UAE allegedly involved in moving billions of dollars on behalf of sanctioned Iranian persons.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 May 2026

Revocation date:

No revocation date

Announced: 01 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 06 May 2026:

On 1 May 2026, the U.S. Department of the Treasury imposed sanctions on 15 entities from Hong Kong and the United Arab Emirates that are said to have operated as front companies supporting Iranian ...

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Announced: 01 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 06 May 2026:

On 1 May 2026, the U.S. Department of the Treasury imposed sanctions on three entities from Iran, allegedly operating as foreign currency exchange houses that support the Iranian regime's shadow ba...

Sign in to see more

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