OFAC also sanctioned BitBank’s developer, Pishtaz Simorgh Electronic Trade Company, as well as three alleged Zanjani associates:
The designations freeze any property or interests in property held by the targets that are within US jurisdiction.
They also prohibit US persons from conducting transactions with them and expose foreign financial institutions or companies to potential sanctions risk if they knowingly facilitate significant dealings with the designated entities.
Alleged link to IRGC and Hormuz payments
Treasury said BitBank had…
