By PAUL O’DONOGHUE, Senior Correspondent
THE U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned an international network that ships millions of barrels of Iranian crude oil to China on behalf of Iran’s armed forces.
OFAC said this network operates across multiple jurisdictions, including China, India, and the United Arab Emirates, and involves several shipping companies and vessels.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
