Topic
Sanctions that penalise third-country firms and governments for dealing with a primary target, typically by cutting their access to the US financial system.
OFAC's Sept. 17 action covers the Tehran exchange, its developer Pishtaz Simorgh and three Dot One executives, over hundreds of millions of dollars in Bitcoin that Treasury says moved to the IRGC in June and July.
Perspective Coverage
6 publishersReality
US Senate investigators have named tether a key source of liquidity for Iran's shadow banking network in a new subcommittee report. A Septten lawyer says Gulf merchants paid in local currency stay exposed, though licensed exchanges carry most of the screening work.
Reality
OFAC sanctioned two French charities and three individuals on Oct. 2, alleging hundreds of thousands of dollars in crypto went to a Hamas commander in Gaza. Exchanges and payment firms under US rules must now screen for the five and block any of their assets that reach them.
Reality
Operation Economic Outcast names nearly 60 targets, but the durable change is the standing authority to designate foreign firms in crypto, technology, gold, aviation and shipping.
Perspective Coverage
6 publishersReality
Bessent scoped his threat to countries and to five sectors rather than to a list of firms, which makes locating the Iran perimeter the day job of banks, shippers and payment companies with no Iranian customers at all.
Perspective Coverage
3 publishersReality