OFAC SANCTIONS PROCUREMENT NETWORK SUPPORTING IRAN’S UAV AND MILITARY PROGRAMS

On 19 April, OFAC advised that it had designated 1 individual and 6 entities in a sanctions evasion network that has facilitated Iran’s procurement of electronic components for its destabilising military programs, including those used in UAV. Particularly, this action targets the head of US-designated Iran’s Pardazan System Namad Arman (PASNA), and the entity’s Iran-, Malaysia-, Hong Kong-, and PRC-based front companies and suppliers that have enabled PASNA’s procurement of goods and technology.  This action also updates the OFAC Specially Designated Nationals and Blocked Persons List (SDN List) entry for PASNA to include an alias and the names of 2 fictitious companies used by PASNA in its procurement efforts.

https://home.treasury.gov/news/press-releases/jy1423

https://ofac.treasury.gov/recent-actions/20230419

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