U.S. Treasury Expands Crypto Sanctions to Target Iran Procurement Networks

The U.S. Treasury Department has expanded its Iran-related crypto sanctions to target procurement networks, broadening the enforcement perimeter beyond previously designated entities.

The action extends sanctions designations to intermediary procurement structures linked to Iran, targeting the broader supply and funding chains that facilitate sanctioned activity through digital assets.

Procurement networks refer to webs of entities, individuals, and shell companies that acquire goods, services, or financial access on behalf of sanctioned parties.

This move challenges traditional sanctions screening methods, which focus solely on matching counterparty names and wallet addresses against the OFAC Specially Designated Nationals (SDN) list.