On 20 November 2017, Treasury OFAC designated large-scale IRGC-QF counterfeit ring.
- Network of individuals and entities to help Iran's Revolutionary Guard Corps-Qods.
- Provided IRGC-QF) with counterfeit currency, in support of destabilizing activities.
- Used deception to circumvent EU export control restrictions, procured equipment.
- Printed counterfeit Yemeni bank notes of hundreds millions of dollars for IRGC-QF.
- IRGC-QF was designated pursuant to the global terrorism executive order 13224.
