US offers $15 million for information on IRGC financial network
Note: AI technology was used to generate this article’s audio.
- The US State Department’s Rewards for Justice program is offering up to $15 million for information that could disrupt the Islamic Revolutionary Guard Corps’ financial networks.
- Washington says the network includes cryptocurrency channels and other mechanisms used to move funds and evade sanctions.
The United States is offering up to $15 million for information that could help disrupt the financial mechanisms of Iran’s Islamic Revolutionary Guard Corps (IRGC).
The State Department’s Rewards for Justice program said the IRGC uses digital asset platforms and other financial channels to move illicit funds, evade sanctions and maintain access to the international financial system.
The offer comes amid a broader US campaign targeting Iran’s financial networks. The Treasury Department has accused Iranian actors of using digital asset exchanges and front companies to launder funds and support the IRGC.
Read more: IRGC claims downing advanced MQ-1 drone over Hormuz
Washington has also recently imposed sanctions on Iranian-linked cryptocurrency networks and sought the forfeiture of about $61 million in cryptocurrency allegedly tied to black-market Iranian oil sales.
The State Department says the $15 million reward is available for information leading to the disruption of the IRGC’s financial mechanisms and those of its affiliated branches.
