US SANCTIONS TARGET AN INTERNATIONAL SANCTIONS EVASION NETWORK SUPPORTING IRANIAN PETROCHEMICAL SALES

On 16 June, OFAC imposed sanctions on a network of Iranian petrochemical producers, as well as front companies in the People’s Republic of China (PRC) and the UAE that support Triliance Petrochemical Co. Ltd and Iran’s Petrochemical Commercial Company (PCC), entities instrumental in brokering the sale of Iranian petrochemicals abroad.  This network helps effectuate international transactions and evade sanctions, supporting the sale of Iranian petrochemical products to customers in the PRC and the rest of East Asia.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220616

https://home.treasury.gov/news/press-releases/jy0819

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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