Summary
As part of the Treasury’s newly launched Operation Economic Outcast, OFAC issued a first-ever sectoral determination covering Iran’s digital assets sector.
OFAC additionally set forth detailed guidance on the sanctions risks of paying “tolls” to Iran for Strait of Hormuz passage.
OFAC also designated a cyber espionage group within the Ministry of Intelligence and Security and included multiple cryptocurrency addresses for several of its members.
The U.S. Department of State also revoked the designation of al-Nusrah Front, also known as Hay’at Tahrir al-Sham (HTS), as a Specially Designated Global Terrorist (SDGT) organization. Affiliated individuals, including Farrukh Furkatovitch Fayzimatov, were delisted.
