U.S. says disrupts Iran finance operation in UAE to squeeze Tehran | Reuters:
The United States and the United Arab Emirates have broken up a network funneling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard currency in the region, a senior U.S. official said on Thursday.
“We jointly disrupted a currency exchange network that was transferring millions of dollars to Iran’s Islamic Revolutionary Guards Corps’ Quds Force,” said Sigal Mandelker, Under Secretary for Terrorism and Financial Intelligence at the U.S. Treasury.
She said the network was dismantled in May. Currency exchanges had used the UAE financial system to transfer cash out of Iran and convert it into U.S. dollars for use by Iranian-supported proxy groups in the region, she said.
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