The United States on Friday sanctioned two digital-asset exchanges and a multinational company network accused of laundering billions of dollars, evading sanctions, and moving cryptocurrency for Iran’s Islamic Revolutionary Guard Corps (IRGC), the Treasury Department announced.
Addresses owned or controlled by Kayvanpour also allegedly transferred more than $2 million to Nobitex, Iran’s largest digital-asset exchange, which Washington sanctioned on June 2.
Aban Tether was separately sanctioned for operating in Iran’s financial sector after processing millions of dollars in transactions involving previously designated Iranian exchanges, including Nobitex, Wallex, Bitpin, and Ramzinex.
Treasury Secretary Scott Bessent stated that Friday’s action formed part of the Trump administration’s “Economic Fury” and maximum-pressure campaign, pledging to pursue Iranian financial networks operating through dollars, rials, or cryptocurrency. The State Department’s Rewards for Justice program is offering up to $15 million for information that helps disrupt the IRGC’s financial mechanisms.
On August 5, Treasury removed counterterrorism sanctions from Iraq’s Fly Baghdad airline, Iraq Express, and two Boeing 737 aircraft previously targeted over alleged support for the IRGC-Quds Force. Treasury told Reuters the delisting followed “significant behavioral changes” and did not represent a change in US policy toward Iran or the IRGC.
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