Two United States Treasury officials are in Malaysia this week to address Washington’s concerns that Kuala Lumpur is not doing enough to prohibit the Iran regime from using the country to assist in the evasion of international sanctions.
A source told Reuters last week that the agency has detected an increase in financial transactions from Tehran and its proxies through the Asian nation’s financial system.
In addition to the use of the country’s banks, the Islamic Republic has also been accused of branding its petroleum products as non-Iranian by transferring them in international waters to ships with Malaysian registration.
Media reports have suggested that this method is how, last year, China was able to purchase an estimated 1 million barrels of oil per day from the terrorist-supporting government.
In December, the U.S. sanctioned four Malaysia-based companies for allegedly helping Tehran with their military drone program.
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