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The U.S. seeks forfeiture of $61 million in cryptocurrency allegedly linked to sanctioned Iranian oil sales and a wider laundering network.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. is seeking forfeiture of $61 million in cryptocurrency allegedly tied to black market
00:10sales of sanctioned Iranian oil and petroleum products, according to CNBC. Federal prosecutors
00:17said a network of cryptocurrency actors in China and elsewhere laundered more than $1.5 billion
00:24in illicit oil proceeds intended to benefit Iran's government, military, and the Islamic
00:32Revolutionary Guard Corps. Two Chinese companies, Bless Trust and Hexawail, allegedly used Binance
00:39accounts and the U.S. financial system to move funds. For all things money, visit Benzinga.com.
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