US Hits Iran Firms With Sanctions For Counterfeit Yemen Cash

The Trump administration is imposing sanctions on six Iranian men and companies for counterfeiting Yemeni currency as a part of a scheme by the Islamic Revolutionary Guard Corps to destabilize the country.

The Treasury Department said Monday that those sanctioned, including two German-based printing and design firms, are part of a network that produced potentially hundreds of millions of dollars in fake Yemeni cash.

The Department said the network used “deceptive measures” to get around European export restrictions to buy advanced equipment and materials to print the counterfeits for the Guard Corps. Read more at WaPo.

{Matzav.com}