OFAC DESIGNATES 5 ENTITIES LINKED TO IRANIAN MISSILE PROGRAMMES

UPI reports that OFAC has designated 5 Iranian entities, subsidiaries of the Shahid Bakeri Industrial Group, part of Iran’s Defense Ministry.  Each of the 5 entities – Shahid Kharrazi Industries, Shahid Sanikhani Industries, Shahid Moghaddam Industries, Shahid Eslami Research Center and Shahid Shustari Industries, are cited for researching, developing and producing components and systems for the Shahid Bakeri Industrial Group (SBIG).

https://www.upi.com/Top_News/US/2018/01/04/US-Treasury-Department-sanctions-Iranian-firms/1501515111269/?src=ilaw&utm_source=sec&utm_campaign=sl&utm_medium=2

https://sputniknews.com/middleeast/201801051060525950-usa-sanctions-iran-uk-deal/?src=ilaw

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180104.aspx

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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