On 30 March, the US Treasury advised that OFAC had sanctioned an Iran-based procurement agent and his network of companies that procured ballistic missile propellant-related materials for the Islamic Revolutionary Guard Corps Research and Self Sufficiency Jihad Organization (IRGC RSSJO), the IRGC unit responsible for the research and development of ballistic missiles, as well as Iran’s Parchin Chemical Industries (PCI), an element of Iran’s Defense Industries Organization (DIO).  OFAC is also taking action against a key Iranian intermediary involved in the procurement of parts used to develop missile propellant on behalf of PCI.  This action follows Iran’s missile attack on Erbil, Iraq on 13 March and the Iranian-enabled Houthi missile attack against a Saudi Aramco facility on 25 March as well as other missile attacks by Iranian proxies against Saudi Arabia and the UAE. 



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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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