What Information About the IRGC’s Financial Network Will the US Reward?

The U.S. State Department announced on Wednesday, September 4, that it will offer rewards of up to $15 million in exchange for information that leads to disruption of the financial mechanisms of the Islamic Revolutionary Guard Corps (IRGC) and its branches, including the Quds Force.

According to a statement published on the U.S. State Department website in this regard, the U.S. government is also seeking additional information about how the IRGC illegally sells oil, including oil tankers such as the Adrian Darya, formerly known as Grace 1.

The statement indicates that the information sought, for which rewards will be paid, may include the following:

* Sources of revenue for the Islamic Revolutionary Guard Corps and its branches, including the Quds Force, and their key mechanisms;

* Illegal financial methods of the Islamic Revolutionary Guard Corps, including the oil-for-money scheme;

* Shell companies related to the IRGC that act as representatives in international activities;

* Institutions or individuals assisting the IRGC in circumventing U.S. and international sanctions;

* Formal financial institutions that conduct business with the IRGC;

* How the IRGC transfers financial resources, materials, and equipment to terrorists and proxy actors;

* Donors and facilitators of the IRGC’s financial activities;

* Financial institutions or money changers that facilitate IRGC financial transactions;

* Companies or investments owned or controlled by the IRGC or financed by it;

* Shell companies involved on behalf of the IRGC in acquiring dual-use technologies;

* Illegal methods used by IRGC members and supporters to gain financial benefits.

Source: Voice of America