OFAC SANCTIONS OIL SHIPPING NETWORK SUPPORTING IRGC-QF AND HIZBALLAH

On 3 November, OFAC advised that it had designated members of an international oil smuggling network that facilitated oil trades and generated revenue for Hizballah and the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). The network being designated includes several key individuals and numerous front companies and vessels involved in blending oil to conceal the Iranian origins of the shipments and exporting it around the world in support of Hizballah and the IRGC-QF.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20221103

https://home.treasury.gov/news/press-releases/jy1076

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 View all posts by raytodd2017