WASHINGTON—The U.S. Treasury Department blacklisted more than two dozen companies and individuals operating in the United Arab Emirates and Turkey that U.S. officials said helped Iran’s military finance its operations throughout the region. Describing what officials said was a vast illicit financing network, the U.S. said the sanctioned currency-exchange houses, trading companies and officials helped Iran’s military exchange more than a billion dollars-worth of Iranian rials into euros and U.S. dollars.

Source: Wall Street Journal March 26, 2019 15:00 UTC