The record
Written from the 1 report below. Nothing here is unsourced.
- The US State Department is offering a reward of up to $15 million for information on the financial networks of Iran's Islamic Revolutionary Guard Corps (IRGC).
- The Rewards for Justice programme is seeking details on how the IRGC raises, moves and transfers money, including through front companies, financial institutions and illicit schemes.
- The reward also covers information on how the IRGC transfers funds and materials to groups it supports, such as Hamas, Hezbollah and militias in Iraq, according to US government characterisations.
- The announcement came alongside new US treasury sanctions on the Iranian digital-asset exchange BitBank and three associates of financier Babak Zanjani, who allegedly transferred hundreds of millions of dollars in Bitcoin to the IRGC.
- The moves are part of a broader US campaign, called Operation Economic Outcast, aimed at cutting off Iran's revenue sources and sanctions-evasion networks.
What to watch next
- Whether credible information leads to further US sanctions or designations of IRGC-linked companies and financial facilitators.
- Any additional treasury actions under Operation Economic Outcast targeting Iranian revenue channels.
- Iran's response to the reward offer and the expanded sanctions.
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Named United States · Iran · Iraq · Babak Zanjani · BitBank · Pishtaz Simorgh Electronic Trade Company · Department of State · Department of the Treasury · Hamas · Hezbollah · IRGC-Qods Force · Islamic Revolutionary Guard Corps
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