U.S. imposes sanctions on money laundering network aiding Iran's oil revenue generation
The United States imposed sanctions Wednesday on an international oil smuggling and money laundering network led by Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF) officials that has facilitated the sale of hundreds of millions of dollars' worth of Iranian oil for both the force and Hezbollah, the Treasury Department said.
This oil smuggling network has acted as a critical element of Iran's oil revenue generation, the department said in a statement.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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