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U.S. Treasury Sanctions Iran’s Amin Exchange, Blocks 19 Vessels

5/19/2026

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Summary

Story summary

On May 19, 2026, the U.S. Treasury sanctioned Iran’s Amin Exchange and blocked 19 vessels tied to its shadow fleet.
Treasury Secretary Scott Bessent said the shadow banking system moves illicit funds for terrorist purposes.
The Office of Foreign Assets Control (OFAC) listed eight front firms in UAE, Hong Kong, Turkey and China backing Amin Exchange.
The sanctions freeze the entities’ U.S. assets and bar American parties from dealing with them.

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Story summary

On May 19, 2026, the U.S. Treasury sanctioned Iran’s Amin Exchange and blocked 19 vessels tied to its shadow fleet.
Treasury Secretary Scott Bessent said the shadow banking system moves illicit funds for terrorist purposes.
The Office of Foreign Assets Control (OFAC) listed eight front firms in UAE, Hong Kong, Turkey and China backing Amin Exchange.
The sanctions freeze the entities’ U.S. assets and bar American parties from dealing with them.