Treasury Secretary Scott Bessent said the United States would “tighten the noose” around Iran by imposing sanctions on every source or facilitator of its revenue.
Treasury Secretary Scott Bessent said last week that countries that continue to do business with Iran would face the “full might and force” of the U.S. government.
The Trump administration will not enforce reporting requirements of the 2021 Corporate Transparency Act, which was intended to crack down on money laundering.
The decision appeared to undercut President Trump’s publicly stated ambitions of cracking down on financial crime, money laundering and drug trafficking.
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