OFAC ADDS 1 NAME AND AMENDS 1 ENTRY ON ITS IRAN SANCTIONS LISTS

On 14th September, OFAC announced that MY AVIATION COMPANY LIMITED of Bangkok (associated with Iranian airline Mahan Air) had been added to its SDN List.  At the same time, the entry for MAHAN TRAVEL AND TOURISM SDN BHD of Kuala Lumpur was amended to add mention of 2 additional alternative names – MAHAN TRAVEL and MIHAN TRAVEL & TOURISM SDN BHD.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180914.aspx

US TREASURY TARGETS THAI COMPANY SUPPORTING IRANIAN AIRLINE MAHAN AIR

A news release on 14th September says that My Aviation Company Limited is being designated for acting for or on behalf of Mahan Air by serving as a Mahan Air General Sales Agent (GSA) in Thailand.   A GSA is a third party that provides services to an airline under the airline’s brand.   There are several types of services and support that GSAs typically offer airlines, including sales and marketing, freight reception and handling, airport warehouse and ramp supervision, administration services, and financial services.  My Aviation provides cargo services to Mahan Air, to include freight booking, and works with local freight forwarding entities to ship cargo aboard regularly scheduled Mahan Air flights to Tehran, Iran.   My Aviation has also provided Mahan Air with passenger booking services.

https://home.treasury.gov/news/press-releases/sm484

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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