US sanctions Dubai crypto exchange for allegedly aiding Iran’s IRGC money laundering

A Reuters 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

The United States sanctioned Dubai-based Shelbit for processing millions for Iran's state entities. This action targets sanctions evasion through cryptocurrency networks, as announced by the Treasury Department. Shelbit allegedly facilitated transactions for Iran's central bank and the IRGC. The exchange denied all all

The Trump administration on Friday sanctioned a multinational network of crypto exchanges laundering billions of dollars to fund Iran's military.

US Treasury targets crypto exchanges in new Iran sanctions The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follow

“Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat,” Secretary of the Treasury Scott Bessent said in a statement.

US sanctions Dubai crypto exchange for aiding Iran's IRGC, following a Reuters report  Reuters

Aug 7 : The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follows a Reuters investigation published on July 31 that

Russia’s Federal Security Service (FSB) detained more than 20 people who worked at crypto exchange offices in the Moscow City business complex, saying the exchanges were illegal and that fraudulent call centers in Ukraine used them to move money stolen from Russians out of the country.

The FSB claimed Ukraine-based scam call centers used gray-market exchange offices in Moscow City to convert stolen cash into cryptocurrency and funnel it out of Russia.

"FBA (Fly Baghdad Airlines) has demonstrated major changes to their operations such that their listing is no longer warranted," the official said.