US Treasury sanctions Iranian banker and exchange houses

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The US Treasury on July 10 announced new Iran-related sanctions after Iran resumed attacks on international shipping in the Strait of Hormuz. The measures name Ali Ansari, a Dubai-based Iranian banker whom Treasury calls a key financier for Mojtaba Khamenei, and target Iranian exchange houses that moved billions annually for sanctioned banks using shell companies to obscure activity. Treasury said Ansari diverted publicly funded wealth into overseas real estate and commercial holdings to enrich elites and the IRGC. The steps aim to constrain Iran's financial networks amid a week of tankers being hit and subsequent strikes in the Gulf.

US sanctions target a financier and exchange houses moving billions