Economic Fury, 19 May 2026

Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes. As Treasury systematically dismantles Tehran’s shadow banking system and shadow fleet under Economic Fury, financial institutions must be alert to how the regime manipulates the international financial system to wreak havoc.

Secretary Bessent

Today, as a part of Economic Fury, Treasury’s Office of Foreign Assets Control designated a prominent Iranian foreign currency exchange house and associated front companies that oversee hundreds of millions of dollars in transactions on behalf of sanctioned Iranian banks.…

— Treasury Department (@USTreasury) May 19, 2026

… Collectively, Iranian exchange houses facilitate billions of dollars in foreign currency transactions each year, enabling the regime and its armed forces to evade sanctions, access the international financial system, and move funds derived from oil and petrochemical sales.