| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned over 50 individuals, entities, and vessels linked to Mohammad Hossein Shamkhani’s illicit shipping and sanctions evasion network. This action targets Shamkhani’s financial and logistical infrastructure, which supports Iran’s oil exports and global containerized shipping operations, including trade with Iran-backed groups like Ansarallah (Houthis). Key figures in the network, such as financiers, executives, and vessel operators, have been designated for enabling sanctions evasion and facilitating illicit trade. The sanctions also block property and interests of designated entities and vessels, including container ships and tankers transporting Russian petroleum products. This effort is part of broader U.S. measures to disrupt Iran’s destabilizing activities and enforce economic pressure under Executive Order 13902. The names of the sanctioned individuals and entities are listed in the original article on the OFAC website. |
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Treasury Intensifies Pressure on Shamkhani’s Expansive Illicit Shipping Empire
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned over 50 individuals, entities, and vessels linked to Mohammad Hossein Shamkhani’s illicit shipping and sanctions evasion network. This action targets Shamkhani’s financial and logistical infrastructure, which supports Iran’s oil exports and global containerized shipping operations, including trade with Iran-backed groups like Ansarallah (Houthis). Key figures in the network, such as financiers, executives, and vessel operators, have been designated for enabling sanctions evasion and facilitating illicit trade. The sanctions also block property and interests of designated entities and vessels, including container ships and tankers transporting Russian petroleum products. This effort is part of broader U.S. measures to disrupt Iran’s destabilizing activities and enforce economic pressure under Executive Order 13902. The names of the sanctioned individuals and entities are listed in the original article on the OFAC website. |
| Read full article → |
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