oil-smuggling
3 stories related to this topic, newest first.
al-monitor.comU.S. Treasury Issues Alert on IRGC Sanctions Evasion Tactics
FinCEN warned financial institutions on May 11 about Iranian Islamic Revolutionary Guard Corps efforts to launder proceeds from illicit oil sales. Treasury Secretary Scott Bessent announced new sanctions under the "Economic Fury" initiative while President Donald Trump described…
jns.orgU.S. Treasury Sanctions Iraqi Deputy Oil Minister and Several Iran-Linked Figures for Alleged Oil Smuggling
The U.S. Treasury Department on May 7, 2026, sanctioned Iraq’s Deputy Minister of Oil Ali Maarij al-Bahadly, senior leaders of two designated terrorist organizations and several related companies. FDD reported the actions target corruption enabling $1 billion in annual oil smuggl…
Ayoub Ghaderi / Wikimedia (CC BY 4.0)Report Details IRGC-Affiliated Networks Processing $178 Million in Crypto from Houthi Oil Sales
Networks linked to Iran's Islamic Revolutionary Guard Corps processed $178 million in cryptocurrency tied to Houthi oil sales over a single year, according to a report. A broader network associated with these activities accounted for nearly $1 billion in total transactions. The f…