US sanctions Dubai crypto exchange for allegedly aiding Iran’s IRGC money laundering
- The United States has imposed sanctions on an unlicensed multi-state cryptocurrency exchange, alleging it facilitated millions of dollars in crypto transactions for Iran’s elite Islamic Revolutionary Guard Corps and other state-linked groups.
- This action follows a Reuters investigation published on July 31, which identified the Dubai-based exchange, Shelbit, as central to a $4 billion Iranian sanctions evasion network.
- The probe revealed Shelbit moved crypto for Iran’s central bank, a major illegal online gambling operation, and addresses linked by the Israeli government to the IRGC.
Unverified
- The United States has imposed sanctions on an unlicensed multi-state cryptocurrency exchange, alleging it facilitated millions of dollars in crypto transactions for Iran’s elite Islamic Revolutionary Guard Corps and other state-linked groups.
- This action follows a Reuters investigation published on July 31, which identified the Dubai-based exchange, Shelbit, as central to a $4 billion Iranian sanctions evasion network.
- The probe revealed Shelbit moved crypto for Iran’s central bank, a major illegal online gambling operation, and addresses linked by the Israeli government to the IRGC.
Sources: The Independent