Event Brief
UPDATED May 19, 2026 at 4:05 PM ET
May 19, 2026 at 11:05 AM ET
US sanctions Iranian foreign currency exchange via front firms
By The BriefBrief
The US Treasury said it sanctioned Iran-linked foreign currency exchange and international front companies.
WHO: Scott Bessent, Secretary of the Treasury
WHAT: Scott Bessent said the US sanctioned Iranian foreign currency exchange and international front companies tied to Iran’s shadow banking system.
WHEN: May 19, 2026 at 5:10 PM ET
WHERE: USA
WHY: Iran’s shadow banking system facilitates illicit transfer of funding for terrorist purposes.
Reporting from 4 identified publishers across this event arc.
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