US Warns Foreign Financial Institutions of Sanctions Over Iran Dealings

The US Treasury Department has warned foreign financial institutions that continued dealings with Iran or its financial sector could expose them to American sanctions.

The warning said sanctions could be imposed at any time and without prior notice, putting institutions that maintain those ties at risk of sudden action.

The message was directed at foreign financial institutions whose business involves either Iran more broadly or the country’s financial sector.

The warning described potential sanctions rather than announcing penalties against specific institutions. It did not identify any institution by name or set a timetable for action.