Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

Menu

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
Tags:
Sanctions Strait of Hormuz crisis Finance

US targets crypto exchange tied to Iranian Hormuz payment scheme

  • US sanctions BitBank, alleging the exchange handled payments linked to Iran’s Hormuz Safe shipping scheme and transferred hundreds of millions of dollars in bitcoin to the IRGC
  • Treasury says the action targets a key part of Iran’s sanctions-evasion infrastructure, widening pressure on financier Babak Zanjani and his network
  • The move heightens compliance risks for shipowners, insurers and financial institutions dealing with entities connected to Iranian transit and insurance services in the Strait of Hormuz

  • News

US sanctions have exposed the financial plumbing behind Iran’s controversial Hormuz Safe scheme, alleging that a cryptocurrency exchange linked to sanctions fixer Babak Zanjani processed payments from ships transiting the Strait of Hormuz while channelling funds to the IRGC

Table

View full table

Related Content

Topics

  • Related Companies
    • Tags:
    Sanctions Strait of Hormuz crisis Finance
    UsernamePublicRestriction

    Register

    LL1158485

    Ask The Analyst

    Please Note: You can also Click below Link for Ask the Analyst
    Ask The Analyst

    Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

    All fields are required.

    Please make sure all fields are completed.

    Please make sure you have filled out all fields

    Please make sure you have filled out all fields

    Please enter a valid e-mail address

    Please enter a valid Phone Number

    Ask your question to our analysts

    Cancel

    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

    Printed By