The United States government has recently imposed sanctions on three individuals and four firms across Iran, the United Arab Emirates, and Turkey. These entities are believed to have played a role in the exportation of goods and technology acquired from U.S. companies to Iran's central bank. The U.S. Treasury's Office of Foreign Assets Control (OFAC) has accused them of violating U.S. export restrictions and sanctions by transferring U.S. technology to the Central Bank of Iran.
According to the Treasury Department, the Central Bank of Iran obtained materials that were classified as 'information security items subject to national security and anti-terrorism controls' by the Commerce Department. Among the sanctioned entities is Informatics Services Corp., an Iranian subsidiary of Iran's Central Bank that developed the Central Bank Digital Currency platform. Additionally, a UAE-based front company, along with its CEO, and a Turkey-based affiliate firm were also targeted for their involvement in acquiring U.S. technology for the Central Bank of Iran.
