OFAC Makes Further Iran-Related Designations, Counter Terrorism Designations

The US Department of the Treasury's Office of Foreign Assets Control ("OFAC") on January 30, 2024, designated two cybersecurity experts affiliated with the Islamic State of Iraq and Syria ("ISIS") for providing ISIS leadership and supporters with cybersecurity training, enabling their use of virtual currency, and supporting the terrorist group's recruitment. Additionally, OFAC designated an ISIS financial facilitator involved in transferring funds to ISIS-affiliated individuals in Syria. These actions emphasize the United States' commitment to the mission of the Counter ISIS Finance Group, a working group of over eighty countries and international organizations committed to defeating the terrorist group. A Treasury Secretary stated that the "actions disrupt ISIS's ability to move funds, including through the use of cryptocurrency, and leverage its online presence to recruit and promote its terrorist ideology," emphasizing the interest in combating ISIS's evolving