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Iran’s Bank Parsian, under US sanctions, used its foreign-exchange arm to move millions of dollars abroad through a network of intermediaries, according to an Iran International investigation based on leaked internal correspondence and transaction records.
The US Treasury warned foreign financial institutions of possible sanctions for continuing transactions with sanctioned Iranian banks.
US aviation sanctions on Iran disrupt ordinary Iranians’ travel and commerce, intensifying economic hardship amid ongoing geopolitical tensions. Read more at straitstimes.com.