U.S. imposes sanctions on network supporting Iran's Revolutionary Guards

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U.S. imposes sanctions on network supporting Iran's Revolutionary Guards
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The United States on Tuesday imposed fresh sanctions on a network of companies a...

FILE PHOTO: A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the U.S., Iran, China, Russia, Britain, Germany, France and the European Union during the Iran nuclear talks at the Vienna International Center in Vienna, Austria July 14, 2015. REUTERS/Carlos Barria/File Photo

The U.S. Treasury said it was blacklisting 25 people and entities, including front companies based in the three countries, associated with Iran’s Islamic Revolutionary Guards Corps and the Ministry of Defense and Armed Forces Logistics, or MODAFL. “We are targeting a vast network of front companies and individuals located in Iran, Turkey, and the UAE to disrupt a scheme the Iranian regime has used to illicitly move more than a billion dollars in funds,” Treasury Secretary Steven Mnuchin said in a statement.

Washington reimposed sanctions against Iran after President Donald Trump withdrew from a 2015 nuclear deal between Tehran and six world powers, and moved to isolate Tehran. It has also imposed a string of new sanctions, including against the IRGC and its external arm, Quds Force, to choke off funding for its overseas operations.

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