US Sanctions Law Firm, Shipping Companies Aiding Iran's Evasion Efforts
Summarized from Israel National News by baba
The U.S. Treasury has sanctioned an international law firm, Karnakis and Karnakis, along with shipping companies and vessels, for allegedly helping Iran evade sanctions and fund its military programs. The firm is accused of establishing corporate structures to conceal the ownership of ships transporting Iranian oil and other goods worth hundreds of millions of dollars. These actions are part of "Operation Economic Outcast" to disrupt Iran's financial networks. The Treasury also issued its first administrative subpoena to a Greek bank as part of an investigation into potential connections with Iran and its proxies.
The story in 6 lines · by baba
- U.S. Treasury sanctions law firm Karnakis and Karnakis for aiding Iran's sanctions evasion.
- The firm allegedly helped establish corporate structures for Iran's "shadow fleet" of ships.
- Sanctioned entities facilitated transport of Iranian oil, petrochemicals, and steel worth hundreds of millions.
- Treasury Secretary Scott Bessent vowed to sanction all supporters of the Iranian regime.
- The sanctions are part of "Operation Economic Outcast" targeting Iran's financial networks.
- U.S. Treasury issued its first administrative subpoena to a Greek bank in related investigation.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link at the top of the page.
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