OFAC TARGETS PROCUREMENT NETWORKS SUPPORTING IRAN’S MISSILE PROLIFERATION PROGRAMMES

On 28th August, OFAC designated 5 entities and 5 individuals, targeting 2 Iranian regime-linked networks for engaging in covert procurement activities benefitting multiple Iranian military organisations.  One network, led by Hamed Dehghan, is said to have used a Hong Kong-based front company to evade US and international sanctions and facilitate tens of millions of dollars’ worth of proliferation activities targeting US technology and electronic components, for persons related to the Islamic Revolutionary Guard Corps (IRGC) and the Iranian regime’s missile programme.  The other network, led by Seyed Hossein Shariat, including the Asre Sanat Eshragh Company, is said to have procured various aluminium alloy products on behalf of components entities owned or controlled by Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL).  The Hong Kong front company is named as Green Industries (Hong Kong) Limited.

https://home.treasury.gov/news/press-releases/sm759

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190828.aspx

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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