U.S. Treasury targets 9 individuals and entities linked to Iran’s IRGC and MODAFL for supporting weapons procurement and financing networks across China, Hong Kong, Iran, and Belarus

The action targets illicit procurement, shadow banking, and financial channels used to obtain weapons and military components, including MANPADS, while also reinforcing broader “maximum pressure” measures against Iran’s military funding, oil trade, crypto-linked assets, and evasion networks, with warnings of secondary sanctions for foreign actors facilitating such activity…