US and UAE disrupt Iranian currency scheme
United States #US and United Arab Emirates #UAE disrupt large scale currency exchange network transferring millions of dollars to #Iran’s #IRGC -Qods Force. Exchange Network CHART published by @USTreasury home.treasury.gov/news/press-rel…Iran was allegedly using the US currency to fund its proxy groups in the Middle East. That would most likely be Hezballah and the Houthis rebels in Yemen. Iran has also been accused of funding Hamas in Gaza too.
According to statement @USTreasury: “Today the US and the UAE jointly took action to disrupt an extensive currency exchange network in Iran and the UAE that has procured and transferred millions in U.S. dollar-denominated bulk cash to #Iran’s IRGC-QF) to fund its malign activities and regional proxy groups.”
“Specifically, the U.S. Department of the Treasury’s Office of Foreign Assets Control ( #OFAC) designated nine Iranian individuals and entities.”