Bessent Vows To Freeze IRGC's Offshore Trusts And $100 Million Homes

At the G20 in Asheville, he named British Virgin Islands trust accounts and threatened to cut banks off the dollar.
- Bessent told G20 finance ministers in Asheville, North Carolina, on Tuesday, September 1.
- He named British Virgin Islands trust-company accounts and $100 million houses tied to the IRGC.
- Seized assets, he said, could go to Iran's people or to USS Cole terror victims.
Why it matters: Naming the exact account and the exact house means the tracking finished long before the announcement.
Treasury Secretary Scott Bessent, Fox Business/Kudlow G20 fireside chat ↗ · Sep 3, 20269/3/26