India, April 29 -- The U.S. government has imposed sanctions on 35 entities and individuals that oversee Iran's shadow banking architecture, facilitating the movement of the equivalent of tens of billions of dollars tied to sanctions evasion and Iran's sponsorship of terrorism.
These networks allow Iran's armed forces-including the Islamic Revolutionary Guard Corps (IRGC)-to access the international financial system to receive payment for illicit oil sales, purchase sensitive components for missiles and other weapons systems, and transfer money to Iran's terrorist proxies, the Department of the Treasury said.
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