U.S. Targets Financial Network Linked to Iran

Washington, D.C. – The United States on April 28, 2026, announced actions targeting 35 entities and individuals accused of operating within Iran's financial sector. According to a statement released by Department Spokesperson Thomas "Tommy" Pigott, these actions aim to disrupt what the U.S. government describes as illicit funding streams.

The U.S. government asserts that these entities comprise a network facilitating the transfer of funds that allow Iran's access to international financial systems. These systems allegedly support the Islamic Revolutionary Guard Corps, enabling it to obtain revenue from oil sales and acquire components for weapons programs.

The U.S. statement indicates that the sanctions were imposed in accordance with Executive Order 13902, which targets individuals and entities operating in Iran's financial sector, and Executive Order 13224, as amended, a counterterrorism authority. The action also furthers National Security Presidential Memorandum 2 (NSPM-2).

The Treasury Department is expected to release additional information regarding the designations.