Hong Kong has become a key hub in helping Iran evade international sanctions, according to a new report.
The Committee for Freedom in Hong Kong (CFHK) Foundation released the document, titled “Oil, Arms, and Cash: How Hong Kong Fuels the Iranian Regime,” on Monday.
It says Hong Kong entities assist Tehran in selling oil, moving money, obtaining weapons parts, and expanding surveillance tools used for domestic repression.
The report analyzes more than five years of U.S. Treasury sanctions records, Hong Kong company filings, battlefield evidence from Iranian drones, and open-source investigations.
At least 95 Hong Kong entities have been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) since 2020 for helping with Iranian oil trades and sanctions evasion….
Hong Kong Key Hub for Iranian Sanctions Evasion, New Report Finds
