OFAC imposed blocking sanctions on five individuals (four in Iran and one with presence in Iran and the UAE) and 13 entities (one in Iran, six in the UAE, three in Hong Kong/China, one in Singapore, one in Poland, and one in Georgia) under its Iran and counterterrorism sanctions programs for operating and facilitating digital asset exchanges and a multi-jurisdictional network of front companies that laundered funds for the IRGC and enabled Iranian sanctions evasion through cryptocurrency. The action targets unlicensed or lightly regulated crypto exchange platforms and their supporting corporate infrastructure, spanning trading companies, digital-currency exchanges, and an online gambling network, which are used to obscure fund origins and move illicit proceeds through the international financial system on behalf of the Iranian government. Additionally, OFAC issued an amended related FAQ 1257.