BAKU, Azerbaijan, January 15. The U.S. Treasury
Department’s Office of Foreign Assets Control (OFAC) has expanded
sanctions against Iran, adding 24 entities—12 individuals and 12
companies—to its blacklist, Trend reports via OFAC.
The measures target key representatives of Iranian state
structures, including the Islamic Revolutionary Guard Corps (IRGC),
law enforcement bodies, and companies involved in cross-border
financial and logistical operations.
The designated individuals include senior IRGC commanders and
security officials, as well as persons involved in international
energy trade. The sanctioned entities include companies registered
in Iran, the UAE, Singapore, and the UK, linked to the trade in
oil, petroleum products, and other strategically important
commodities.
OFAC indicated that a number of these companies were playing
fast and loose with sanctions and were entangled in financial webs
linked to global criminal enterprises and terrorist operations.
The U.S. agency also announced a large-scale investigation into
Iranian procurement networks for missile and drone equipment, as
well as sanctions against a network that supported the IRGC and
pro-Iranian groups in Iraq.
The U.S. Treasury Department's Office of Foreign Assets Control
(OFAC) is a financial intelligence and enforcement agency that
administers and enforces economic and trade sanctions based on U.S.
foreign policy and national security goals, targeting threats like
terrorists, drug traffickers, and hostile regimes by blocking
assets and restricting transactions, primarily through its
Specially Designated Nationals (SDN) list and licensing.
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