The United States and Mexico have agreed to increase the exchange of information on matters related to foreign investments to protect national security. On Thursday, Janet Yellen, the U.S. secretary of the treasury, signed a memorandum of intent with Rogelio Ramirez de la O, Mexico’s secretary of finance and public credit, to establish a bilateral...
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Tag: Department of the Treasury
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Treasury Sanctions Entities for Export of US-Made UAV Components to Iran
The U.S. Department of the Treasury’s Office of Foreign Assets Control is imposing sanctions on companies and individuals based in the Middle East and East Asia for the export of American and foreign-made components to support Iran’s unmanned aerial vehicle production. In a notice published Tuesday, OFAC named Iran-based Hossein Hatefi Ardakani, Mehdi Dehghani Mohammadabadi...
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US Sanctions Iraqi Airline Over Alleged Ties to Militia Groups
The United States has sanctioned the Iraqi airline Fly Baghdad and its CEO Basheer Abdulkadhim Alwan al-Shabbani over its ties to the Islamic Revolutionary Guard Corps – Qods Force. According to a press release from the Department of the Treasury, the airliner has supported the IRGC-QF and proxy groups across the Middle East for years. ...
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US Names Hezbollah, Qods Force Financiers in Lebanon, Turkey
The U.S. Department of the Treasury has blocked the assets and stateside transactions of three companies and an individual based in Lebanon and Turkey for their association with Iranian and Hezbollah-affiliated terror groups. The entities generate funds from selling Iranian commodities, including sales to the Syrian government. Their revenues provide key opportunities for “hundreds of...
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New US Sanctions Hit Iranian UAV, Military Aircraft Manufacturing Industry
The Department of the Treasury has slapped sanctions on a multinational network comprised of seven individuals and four companies based in Iran, China, Russia and Turkey connected with Iranian development of unmanned aerial vehicles and military planes. The network is behind shipments and financial transactions supporting the Iran Aircraft Manufacturing Industrial Company or HESA, the...
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US Hands Sanctions to New Entities Supporting Russia’s War Campaign
The U.S. Department of the Treasury has imposed sanctions against third-country actors identified to be materially supporting Russia’s war campaign in Ukraine. According to the Treasury’s Office of Foreign Assets Control, the action implements the Group of Seven’s decision to take down the Kremlin’s military procurement networks, including individuals and entities that are helping secure...