US Treasury Sanctions Iranian Network Using Crypto, Gold and Shipping to Evade Curbs

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The US Treasury has expanded its crackdown on Iran to target illicit financial networks operating across cryptocurrency, gold, shipping, and technology sectors. A key individual, Ivan Obukhov, has been sanctioned for allegedly processing over $100 million in cryptocurrency transactions linked to sales of Iranian oil. The funds are said to have benefited the Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF), a designated foreign terrorist organization. The sanctions signal Washington's intent to close loopholes that allow Iran to monetize oil exports despite existing restrictions. This latest action reflects a broader US strategy to counter Iran's use of alternative financial channels to circumvent international penalties.

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