This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Iranian 'shadow banking' networks sanctioned by US for supporting military

( September 16, 2025, 15:18 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control is designating a pair of Iranian financial facilitators and more than a dozen Hong Kong- and United Arab Emirates-based individuals and entities for their roles in coordinating fund transfers, including from the sale of Iranian oil, that benefit the IRGC-Qods Force and Iran’s Ministry of Defense and Armed Forces Logistics. Such Iranian “shadow banking” networks — run by trusted illicit financial facilitators — abuse the international financial system, and evade sanctions by laundering money through overseas front companies and cryptocurrency, Treasury said.Statement follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections