The U.S. Department of the Treasury has designated a network of individuals and entities for helping Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) counterfeit Yemeni banknotes to support its activities. The IRGC-QF was previously designated pursuant to Executive Order (E.O.) 13224. The two individuals designated, Reza Heidari and Mahmoud Seif, used front companies to circumvent European export control restrictions and procure equipment and materials to support the counterfeiting campaign. Pardavesh Tasvir Rayan Co. (Rayan Printing) and German-based ForEnt Technik GmbH, headed by Heidari, and Rayan Printing’s parent company, Tejarat Almas Mobin, controlled by Seif, were also designated. Seif was also previously involved in procuring weapons for the IRGC-QF.