US dismantles networks facilitating Iran's sanctions evasion, State Department says

WASHINGTON, United States — WASHINGTON — The U.S. State Department said it has dismantled a network of currency-exchange offices and front companies that helped Iran transfer funds while circumventing American sanctions. In a statement, the department said the Trump administration will continue to target banks and currency exchanges operated by the Iranian regime, warning that those who support such systems will face severe consequences. The State Department emphasized that Washington will maintain its maximum pressure campaign on Iran, adding that Tehran's support for terrorism and regional aggression will come at a heavy cost. Officials said the action is part of a broader effort to cut off Tehran's financial resources. The announcement did not specify the locations of the dismantled operations or the entities involved. No further details were immediately available regarding the scale of the network or any related enforcement actions.