Commodities
US Seeks $61M in Cryptocurrency From Iran Oil Sales
The US government has filed a civil forfeiture complaint seeking $61 million in cryptocurrency, alleging it to be the proceeds of black market sales of sanctioned Iranian crude oil and petroleum products meant to finance the Iranian military.
The alleged funds are said to have been generated from illicit sales on the black market. The exact details of these transactions are not specified in the complaint.
No date was provided for when these transactions took place, but the complaint notes that the sales were made with the intention of financing the Iranian military.