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Treasury acts against IRGC and Mahan Air financial support, Scott Bessent warns

Treasury acts against IRGC and Mahan Air financial support, Scott Bessent warns
Treasury acts against IRGC, Mahan Air funds

Scott Bessent, 79th U.S. Secretary of the Treasury; founder of Key Square Group; former hedge fund manager, states that individuals or companies providing financial services, logistics, or commercial support to the IRGC or Mahan Air are contributing to a terrorist enterprise.

He adds that the Treasury will continue to identify, expose, and cut such entities off from the U.S. financial system.

Earlier this year, the Treasury Department sanctioned digital wallets linked to Iran’s central bank, freezing over $130 million in assets, according to a prior statement from Bessent. He has also advocated for tax policies that foster genuine investment rather than facilitating abusive Wall Street tax avoidance practices, as noted in his previous comments. The latest remarks continue a focus on tightening controls around entities connected to Iran and terrorist financing.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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