- OFAC designated two wallets associated with the Central Bank of Iran for the first time, with linkages to the IRGC-Qods Force and Hizballah
- Tether coordinated with OFAC and US law enforcement to freeze approximately USD 344.2 million across the two addresses
- The wallets received roughly USD 370 million across approximately 1,000 transactions since March 2021; one carries zero outbound transfers on record, the other moved less than USD 16 million out against more than USD 228 million in, according to TRM data
- Accumulation concluded largely by late 2023, after which both balances sat dormant until this week’s action — a profile consistent with sovereign reserve storage, not operational deployment
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