OFAC ADDS 2 INDIVIDUALS AND 6 ENTITIES TO IRAN SANCTIONS LIST

On 23 January, OFAC announced an Iranian and Chinese individual, and 3 Hong Kong, 1 UAE and 2 Chinese companies had been added to the Iran sanctions lists.  They are said to be part of a network supporting Iran’s Petroleum and petrochemical industries.  The OFAC action in part targets Triliance Petrochemical Co Ltd, a Hong Kong-based broker with branches in Iran, UAE, China, and Germany, and notes that its Iranian branch, Triliance Kish Petrochemical Company, recently changed its name and operates as Tiba Parsian Kish Petrochemical.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200123.aspx

https://home.treasury.gov/news/press-releases/sm885

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s