Bessent warns Iranian elites: ‘We know where your money is’ as US targets offshore fortunes
US Treasury Secretary Scott Bessent has warned senior Iranian officials that the Trump administration will pursue their alleged hidden wealth overseas, including offshore bank accounts and luxury properties, as Washington intensifies its campaign to financially isolate Tehran. Speaking on the sidelines of the Group of 20 finance meetings, Bessent delivered a direct warning to Iran's ruling elite,…
US Treasury Secretary Scott Bessent has warned Iran's ruling elite that the Trump administration will pursue their alleged hidden wealth held overseas, including in offshore bank accounts and luxury properties. Speaking at the G-20 finance meetings, Bessent stated that US authorities have identified assets through offshore structures, including in the British Virgin Islands.
He warned, "We know where in the British Virgin Islands your accounts are at these trust companies. We know the $100-million houses you have around the world, and we are going to freeze those." Bessent also emphasized that the US would work with international partners to shut down financial structures used to conceal wealth, potentially redirecting recovered assets towards Iranian people or terrorism victims.
This marks a significant escalation in the Trump administration's economic campaign against Iran, targeting individual financiers, shell companies, and assets held outside Iran.
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