US designates entities for facilitating Iranian ‘shadow banking’

10 July 2025

US designates entities for facilitating Iranian ‘shadow banking’Fly of Swallow Studio/Shutterstock.com

The US Office of Foreign Assets Control (OFAC) has designated 22 entities based in the UAE, Hong Kong and Turkey on the Specially Designated Nationals list– press release. The US sanctioned them because they...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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