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CAPTION 1907 PERSIA

Treasury Targets Iranian Sanctions Evasion
Max Meizlish explains how the Treasury Department's FinCEN is penalizing five branches of an Egyptian bank in Dubai to curb illicit financial flows. FinCEN identified $1.8 billion in suspicious transactions linked to the Iranianregime. To effectively dismantle Iran's financial network, Maizlish argues the US must target Chinese institutions, as China purchases over 90% of Iran's crude oil. Specifically, he advocates for blacklisting the Bank of Kunlun—a state-owned Chinese entity heavily involved in Iranian sanctions evasion. Maizlish asserts that CNPC officials are fully aware of these illicit transactions, making decisive sanctions necessary. (6)