The U.S. Treasury Department announced on Friday that it has placed an Iran‑linked individual and a Hong Kong‑based company on its sanctions list, intensifying pressure on Tehran and entities accused of aiding sanctions evasion, according to Anadolu.
Reza Mohammad Taeedi, a Dubai‑based Iranian national who serves as general manager of Iran’s Bank Melli’s Dubai branch, has been added to the Treasury’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List.
Taeedi is subject to secondary sanctions and was designated under the Treasury’s counterterrorism and Iran‑related authorities.
In addition, the department designated Kameng Trading Limited, a Hong Kong‑based firm established in July 2024, under an Iran‑related executive order.
The moves were taken in parallel with U.S. measures targeting Banque Misr’s operations in the United Arab Emirates over alleged support for Iranian shadow‑banking networks.
Treasury Secretary Scott Bessent said in a statement to the Financial Times that the Treasury “promises to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime.”
“We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system,” he added. “Banque Misr UAE has now felt the consequences, and today we are taking the first step to hold it accountable for its continued, egregious support of the Iranian regime.”
According to the Treasury, these measures are part of broader efforts to disrupt Iran’s shadow‑banking network and limit its access to foreign currencies and the global financial system.
Also Read
- Deputy Secretary Christopher Landau Set to Visit Palau, Micronesia, Solomon Islands, and Kiribati
- Half-Year Mark Reached in US-Israeli Conflict as Iran War Continues Unabated
- Spanish Government Urges Restraint Amid Escalating Tensions in Ceuta
- Warsh Speech Shifts Fed Rate Hike Probabilities, Making September Decision Highly Uncertain