US Sanctions Iranian Fraud Network, Offers $15 Million Reward as Strait Authority Is Designated
Updated
Updated · The Jerusalem Post · May 30
US Sanctions Iranian Fraud Network, Offers $15 Million Reward as Strait Authority Is Designated
14 articles · Updated · The Jerusalem Post · May 30
The US targeted an Iran-based network led by Ali Majd Sepehr, saying it duped dozens of American technology companies to obtain equipment for Iran’s military.
Fake websites and Dubai intermediaries were used to seek advanced gear including spectrum analyzers and security detection devices for Iran’s defense sector.
Washington also designated Iran’s Persian Gulf Strait Authority under counterterrorism authorities, saying it materially supported the IRGC and warning that any transaction with it could trigger sanctions.
A Treasury webpage was amended to clarify that payments to Iran for safe passage through the Strait of Hormuz are unauthorized for any US person or institution.
The State Department paired the move with a reward of up to $15 million for information disrupting IRGC financing, while the PGSA rejected the sanctions and said they would not give the US control over the strait.
As Iran masters crypto to bypass sanctions, is traditional US financial warfare becoming obsolete?
With the Strait of Hormuz closed, what are the actual military options being weighed to force it open?
Can the new India-Middle East corridor succeed as a bulwark against Iran's illicit financial networks?