U.S. Treasury Secretary Scott Bessent told G20 finance leaders in Asheville, North Carolina, that the United States is poised to unveil sanctions targeting an Iran-linked bank this week, with another round expected the following week. This initiative is part of Operation Economic Outcast, a coordinated campaign launched on August 24 to sever the Iranian regime’s access to the global financial system, with partners including the EU, UK, UAE, and Bahrain. The U.S. Treasury has also expanded sanctions beyond traditional finance to include aviation, maritime, technology, and digital assets, targeting entities suspected of using crypto to evade restrictions.
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