OFAC sanctions 18 Iranian entities, including RUNC Exchange Co. and Cyrus Offshore Bank, for evading U.S. sanctions and enabling the regime’s illicit financial operations

The sanctions target Iran’s Cross-Border Interbank Messaging System (CIMS) and the covert Cyrus Offshore Bank, both of which facilitate illicit cross-border financial transactions in violation of U.S. sanctions. Additionally, the measures designate FANAP, an Iranian IT company, and its executive Shahab Javanmardi for developing surveillance technologies used by the Iranian regime to monitor and suppress domestic dissent…