Unmasking Iran's Shadow Banking Network and Economic Pressure Tactics

Iran's Shadow Banking Network

• 💡 Following the 2019 designation of Iran's central bank as a terrorist financier, Iran moved its foreign currency transactions offshore.
• 🏦 This led to the creation of a shadow banking network involving hundreds of shell companies globally, often fronted by third parties, to obscure Iranian oil sales.
• 🌏 Banks, particularly in Dubai, facilitate these transactions, often turning a blind eye to the illicit origins of the funds, which are primarily from oil sales to China.

Evasion and Sanctions

• 🚫 The U.S. Treasury has been designating individual shell companies, but this is a