More from Treas Sec. Bessent:
U.S. expects European partners to support Iran sanctions by blocking Iran’s financiers, shutting its bank branches, and unmasking its shell companies
Countries in the Middle East and Asia also need to root out Iran’s shadow banking networks
U.S. Treasury is reviewing sanctions list to make it easier for financial institutions to focus on the most sophisticated terrorist financing and sanctions evasion schemes
Some U.S. sanctions designations are obsolete and outdated, and may cause unintended consequences
This article was written by Greg Michalowski at investinglive.com.