The United States exerts maximum pressure across every domain to stop the Iranian regime from threatening American interests and to hold it accountable.
Today, the United States is acting against 35 entities and individuals who operate Iran's covert financial network. Shadow banking networks enable the transfer of tens of billions of dollars to evade sanctions. They enable Iran's military forces, such as the Islamic Revolutionary Guard Corps, to illicitly access the international financial system to obtain proceeds from illicit oil sales, acquire sensitive components for missiles and other weapons systems, and fund Iran's terrorist proxy groups throughout the Middle East.
By dismantling these financial channels, we advance the Administration's policy in the conflict with Iran and underscore our commitment to imposing maximum pressure on Iran. While the Iranian regime enriches corrupt elites, ordinary Iranians suffer under a deteriorating economy.
The United States will further disrupt illicit funding streams that finance Iran's malign activities. We will not relent in our efforts to deny Iran and its proxies the resources they use to threaten U.S. interests and regional stability.
Today's action is being taken pursuant to E.O. 13902, which targets persons operating in Iran's financial sector, and E.O. 13224, as amended, a counterterrorism authority. This action further implements the President's National Security Presidential Memorandum 2
