US Warns Foreign Financial Institutions of Sanctions Over Iran Dealings

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

The warning applies to institutions maintaining transactions with Iran or its financial sector, putting those relationships under scrutiny.

Treasury said sanctions could be imposed at any time and without advance notice. Institutions continuing such dealings therefore risk action without a prior warning directed at them.

The message puts foreign financial institutions on notice that their ongoing business ties with Iran carry potential US sanctions exposure.