U.S. Treasury Sanctions “Large-Scale” Iran-Linked Counterfeiting Network
The U.S. Treasury Department today sanctioned a network of individuals and entities involved in counterfeiting Yemeni bank notes for the Islamic Revolution Guards Corps and assisting I.R.G.C.’s destabilizing activities. The network is said to have produced hundreds of millions of dollars in fake Yemeni cash, using “deceptive measures” to circumvent European export restrictions to buy advanced equipment needed to print the money for the I.R.G.C.’s elite Quds Force.