OFAC DESIGNATES IRAN-BASED FINANCIAL FACILITATORS OF MALICIOUS CYBER ACTIVITY AND IDENTIFIES ASSOCIATED DIGITAL CURRENCY ADDRESSES

On 28th November, the US Treasury issued a news release saying that OFAC had designated 2 Iran-based individuals, ALI KHORASHADIZADEH and MOHAMMAD GHORBANIYAN, who helped exchange digital currency (bitcoin) ransom payments into Iranian rial on behalf of Iranian malicious cyber actors involved with the SamSam ransomware scheme that targeted over 200 known victims – in the US, UK and Canada since 2015.  OFAC also identified 2 digital currency addresses associated with these two financial facilitators – the first time this has been done.

https://home.treasury.gov/news/press-releases/sm556

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20181128.aspx

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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