| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned seven individuals and entities involved in an international network procuring weapons for the Islamic Revolutionary Guard Corps (IRGC). This action follows Iran’s attacks on commercial vessels in the Strait of Hormuz and aims to disrupt the IRGC’s illicit procurement and financial networks. The sanctioned entities include aviation and transport firms, financial intermediaries, and travel coordinators used to obscure IRGC’s activities. The designations were made under Executive Order 13382, targeting weapons of mass destruction proliferators and their supporters. The sanctioned individuals and entities are listed in the original article on the OFAC website. Sanctions implications include blocking all property and interests in property of designated persons within U.S. jurisdiction and prohibiting transactions involving these entities. |
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Treasury Targets Global Network Procuring Weapons for Iranian Regime
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned seven individuals and entities involved in an international network procuring weapons for the Islamic Revolutionary Guard Corps (IRGC). This action follows Iran’s attacks on commercial vessels in the Strait of Hormuz and aims to disrupt the IRGC’s illicit procurement and financial networks. The sanctioned entities include aviation and transport firms, financial intermediaries, and travel coordinators used to obscure IRGC’s activities. The designations were made under Executive Order 13382, targeting weapons of mass destruction proliferators and their supporters. The sanctioned individuals and entities are listed in the original article on the OFAC website. Sanctions implications include blocking all property and interests in property of designated persons within U.S. jurisdiction and prohibiting transactions involving these entities. |
| Read full article → |
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