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US Treasury sanctions Hong Kong-based firm over Iran money laundering ties

South China Morning Post 28 August 2026 7m ago
US Treasury sanctions Hong Kong-based firm over Iran money laundering ties
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The United States announced sanctions on a Hong Kong company on Friday for allegedly helping launder funds for a sanctioned Iranian exchange house, the latest Chinese entity to be targeted as part of Washington’s expanded efforts to squeeze Iran’s financial sector. The development comes as Washington has in recent days slapped new Iran-related sanctions on various Chinese entities, prompting Beiji
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