US treasury official raises alarm on environmental risks from illicit transfers of Iranian oil off Malaysia

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A U.S. Treasury official raised concerns about environmental risks and illicit Iranian oil transfers off Malaysia, seeking to prevent the country from financing militant groups.

A U.S. treasury official warned of environmental risks from illicit transfers of Iranian oil off Malaysia, news portal Malaysiakini reported on Thursday, as the United States narrows its focus on financing for militant groups routed through Southeast Asia. The United States sees Iran's capacity to move its oil as being reliant on service providers based in Malaysia, a senior U.S. treasury official said this week.

Brian Nelson, the U.S. Treasury undersecretary for Terrorism and Financial Intelligence, said one of the main ways Iran raised money was through the sale of illicit oil to buyers in East Asia, Malaysiakini reported. 'Many of these shipments traverse the waters around Malaysia and are loaded onto vessels of questionable legitimacy that may also pose major environmental and safety risks,' he was reported as saying.

He urged those who wish to support humanitarian assistance to Gaza to donate to reputable charities to ensure the funds were not diverted elsewhere. Nelson and Neil MacBride, Treasury General Counsel, are on a visit to Singapore and Malaysia this week to advance efforts in countering financing and revenue generation by Iran and its proxies. The office of Malaysia's prime minister did not immediately respond to a request for comment.

 

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