The Trump administration announced Wednesday it has designated more than 20 entities as complicit in the facilitation of selling Iranian oil, which funds a paramilitary force considered a foreign terrorist organization by the United States.

The U.S. Department of the Treasury's Office of Foreign Assets Control, or OFAC, has designated 22 companies and individuals located in Hong Kong, Turkey and the United Arab Emirates as complicit in enabling the sale of the oil, which OFAC reports provides funding for the Islamic Revolutionary Guard Corps-Qods Force, or IRGC-QF.

By way of front companies outside Iran, OFAC accuses the IRGC-QF of transferring hundreds of millions of dollars through offshore accounts to avoid sanctions and to fund "terrorist activities."

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