OFAC: FURTHER SANCTIONS ON PROCUREMENT NETWORKS FOR IRAN UAV AND WEAPONS PROGRAMS

On 21 March, OFAC advised that it had designated 4 entities and 3 individuals in Iran and Turkey for their involvement in the procurement of equipment, including European-origin engines of unmanned aerial vehicles (UAV) in support of Iran’s UAV and weapons programs.  This procurement network operates on behalf of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), which oversees several companies involved in UAV and ballistic missile development.

https://home.treasury.gov/news/press-releases/jy1355

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20230321

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