The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has accused "SHPS Shelbit", a company established in Georgia, of participating in an international money laundering and sanctions evasion scheme serving Iran and the Islamic Revolutionary Guard Corps (IRGC).
Modern.az reports that the US Treasury Department issued a statement regarding this.
It was stated that this legal entity registered in Georgia was one of the main channels for the transit of crypto assets of the power structures of the Iranian regime.
More than $1 million was transferred from crypto addresses controlled by the IRGC to "Shelbit Exchange" accounts. In the opposite direction, more than $2 million in crypto assets were sent from Shelbit to IRGC-affiliated structures.
