IRGC's Shadow Fleet: Billions Laundered for Weapons, Proxies via Global Network

• Iran's IRGC channels billions in illicit oil revenues through complex global laundering networks, bypassing formal banking.
• Uses shadow oil fleets, shell companies, and hawala-style transfers to fund regional proxies and weapons programs.
• Financial pipeline stretches from Dubai to Hong Kong, involving UAE fronts, Malaysian firms, and Chinese teapot refineries.
• NIOC allocates $10 billion annually to IRGC-linked entities like Sahara Thunder; funds converted to USD, crypto.
• Techniques include over/under-invoicing, false documentation, and "ghost shipments" to obscure crude origin and fund groups like Houthis and Hezbollah.