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Bessent urges more disruption to Iran's financing, will review US sanctions list

World News

19-05-2026 | 10:02

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Bessent urges more disruption to Iran's financing, will review US sanctions list

U.S. Treasury Secretary Scott Bessent on Tuesday called on allies to more forcefully disrupt Iran's financing networks and said the Treasury would scrub its sanctions list of outdated designations to make it easier for financial institutions to root out the most sophisticated terrorist financing schemes.

In remarks prepared for delivery at an anti-terrorism financing conference after G7 finance leaders met in Paris, Bessent said that participants needed to "stand with us in full measure" against Iran.

"That will require, for example, our European partners to join the United States in taking action against Iran by designating its financiers, unmasking its shell and front companies, shuttering its bank branches, and ⁠dismantling its proxies," Bessent said. "It will require those of you in the Middle East and Asia to root out Iran's shadow banking networks."

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