More from Treas Sec. Bessent:
- U.S. expects European partners to support Iran sanctions by blocking Iran’s financiers, shutting its bank branches, and unmasking its shell companies
- Countries in the Middle East and Asia also need to root out Iran’s shadow banking networks
- U.S. Treasury is reviewing sanctions list to make it easier for financial institutions to focus on the most sophisticated terrorist financing and sanctions evasion schemes
- Some U.S. sanctions designations are obsolete and outdated, and may cause unintended consequences
