US sanctions Greek-Panama law firm aiding Iranian shipping; probes Greek bank

The US Treasury sanctioned Karnakis & Karnakis, a Greece- and Panama-based law firm, for years of legal assistance to Iranian shipping networks, and FinCEN issued an administrative subpoena in a probe of an unnamed Greek bank over potential Iran ties. This extends US pressure on intermediaries facilitating Iranian oil exports, signaling a widening enforcement net beyond direct shipping entities. The bank's identity and the scope of its alleged involvement remain undisclosed, leaving the investigation's trajectory uncertain.

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