Treasury Targets Iranian Network Evading Sanctions and Enabling Oppression

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 18 entities and individuals that play pivotal roles in the Iranian regime’s efforts to generate revenue and circumvent U.S. sanctions. Facing severe financial constraints due to international isolation, Iran has engineered sophisticated banking schemes and alternate payment messaging systems specifically designed to bypass sanctions and protect its ability to collect export revenues, particularly from illicit petroleum sales. These systems also enable the regime’s continued funding of its proxies and oppression of the Iranian people. Additionally, financial and information technology firms designated today have provided the regime with advanced surveillance technologies that Iran’s security services deploy to restrict internet access and to target women who violate the regime’s mandatory hijab restrictions.“As a result of President Trump’s maximum pressure campaign and increasing isolation from the global financial system, the Iranian regime is running out of places to hide,” said Secretary of the Treasury Scott