U.S. Treasury designates 18 people and entities tied to Iran's shadow banking and petroleum proceeds

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enforcement

Treasury has designated the 18 specified individuals and entities tied to shadow banking networks laundering petroleum and petrochemical sale proceeds.

Source summary

The U.S. announced sanctions targeting Iran in response to the regime’s repression of protesters. The State Department said it is designating Fardis Prison over reported abuses, while the Treasury is sanctioning several Iranian security officials — including Ali Larijani, secretary of the Supreme Council for National Security — and 18 individuals and entities tied to Iran’s shadow-banking networks that laundered proceeds from petroleum and petrochemical sales. The action cites multiple executive orders and implements National Security Presidential Memorandum-2 of 2025.

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Latest fact check

The claim states that the Treasury designated 18 individuals and entities tied to Iran’s shadow banking networks for laundering petroleum and petrochemical proceeds. Official sources confirm this action: the State Department press statement (January 15, 2026) notes Treasury designated 18 individuals and entities connected to Iran’s shadow banking networks that laundered proceeds from Iranian petroleum and petrochemical sales. The Treasury OFAC designation press release (August 7, 2025) describes similar designations related to Iran’s illicit petroleum revenue networks, corroborating the nature of the action. Verdict: True; the available primary sources substantiate the stated designation of 18 entities/individuals and the laundering connection.

Sources

Timeline

Update · Jan 16, 2026, 12:48 AMTrue
The claim states that the Treasury designated 18 individuals and entities tied to Iran’s shadow banking networks for laundering petroleum and petrochemical proceeds. Official sources confirm this action: the State Department press statement (January 15, 2026) notes Treasury designated 18 individuals and entities connected to Iran’s shadow banking networks that laundered proceeds from Iranian petroleum and petrochemical sales. The Treasury OFAC designation press release (August 7, 2025) describes similar designations related to Iran’s illicit petroleum revenue networks, corroborating the nature of the action. Verdict: True; the available primary sources substantiate the stated designation of 18 entities/individuals and the laundering connection.
- https://www.state.gov/releases/office-of-the-spokesperson/2026/01/u-s-sanctions-to-support-the-courageous-people-of-iran/
- https://home.treasury.gov/news/press-releases/sb0220
Update · Jan 16, 2026, 12:35 AMTrue
U.S. government primary sources on January 15, 2026 (the State Department and the Department of the Treasury/OFAC) state that Treasury is designating 18 individuals and entities tied to Iran’s “shadow banking” networks that laundered proceeds from Iranian petroleum and petrochemical sales. The Treasury press release (OFAC) explicitly describes the 18 designations and their role in laundering petroleum and petrochemical revenue. Verdict: True — the claim is confirmed by contemporaneous U.S. Department of State and Department of the Treasury/OFAC press releases.
Original article · Jan 15, 2026
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