The Department of the Treasury’s Office of Foreign Assets Control has sanctioned four Iranian entities and an executive for enabling the production of components for Iran‘s unmanned aerial vehicle program. Brian Nelson, undersecretary of the treasury for terrorism and financial intelligence, said the restrictive measures, including blocking of assets, aim to “disrupt Iran’s production and...
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Tag: Iran
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Report: US Plans Export Limit on AI Models as Shield Against Hostile Chinese, Russian Activities
The U.S. Department of Commerce is planning new export restrictions on proprietary artificial intelligence models for advanced systems to safeguard the technologies from hostile exploitation. Sources told Reuters on Wednesday that any new export control would likely affect China, Russia, North Korea and Iran. The plan supplements export limits already imposed on advanced AI chips...
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US Treasury Sanctions Iran-Affiliated Company Supplying Drones to Russia
Sahara Thunder, a company identified as a front for Iran’s Ministry of Defense and Armed Forces Logistics, faces sanctions in the United States for facilitating the design, development, manufacture and sale of drones in support of Russia’s war in Europe. According to the Department of the Treasury’s Office of Foreign Assets Control, the Russian government...
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Treasury Designates Companies, Individuals Supporting Iranian Cyberattacks on US Entities; Brian Nelson Quoted
The Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on two companies and four individuals linked to Iran-backed cyber operations that targeted a dozen U.S. companies and government entities. The designated companies and individuals are Iranian Islamic Revolutionary Guard Corps Cyber Electronic Command front company Mehrsam Andisheh Saz Nik; IRGC-CEC-affiliated cyber...
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US Expands Export Controls of Technologies to Russia, Iran Following Air Attack on Israel
The United States is expanding its list of items that require a license to be exported to Iran and Russia. On Monday, the Bureau of Industry and Security amended the Export Administration Regulations and added new items to the foreign direct product rules governing the two adversarial nations. FDP rules control the export of materials...
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Treasury Designates Companies, Vessels Shipping Commodities to Finance Houthis
The Department of the Treasury’s Office of Foreign Assets Control has sanctioned several foreign companies and vessels for transporting commodities to finance the terror activities of the Houthi militant group. According to the agency, Marshall Islands-based Reneez Shipping and the Hongkong Unitop Group operated Palau-flagged Reneez and Panama-flagged Eternal Fortune, respectively, to ship cargos on...
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US Treasury Designates Entities, Individuals Involved in Iranian Drone, Missile Production
The Department of the Treasury’s Office of Foreign Assets Control has designated 16 individuals and several entities for enabling Iran’s production of unmanned aerial vehicles and ballistic missiles used in a weekend attack against Israel. Companies and individuals subject to assets and trade restrictions include Oje Parvaz Mado Nafar Co. and its CEO Mohammad Sadegh...
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US Sanctions Iran-Based Al-Ashtar Brigades Members
The Department of the Treasury’s Office of Foreign Assets Control, in coordination with Bahrain, has designated four Iran-based Al-Ashtar Brigades members. Sanctions were imposed on Hussein Ahmad ‘Abdallah Ahmad Hussein Al-Dammami, Ali Abdulnabi Ahmed Ebrahim M Alshofa, Hasan Ahmed Radhi Husain Sarhan and Isa Saleh Isa Mohamed Salman for supporting AAB, including by facilitating lethal,...
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US Designates Procurement Networks Supporting Iranian Defense Sector; Brian Nelson Quoted
The United States has imposed sanctions on three procurement networks for supplying designated Iranian entities with materials for the production of military weapons under Iran’s ballistic missile, nuclear and defense programs. The Department of the Treasury’s Office of Foreign Assets Control has designated Iranian-German national Maziar Karim, his companies Mazixon GmbH and Co KG and...
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US Sanctions UAE-Based Shipper Oceanlink Maritime Over Ties With Iran
The United States has issued a new round of sanctions targeting an organization involved in shipping commodities on behalf of Iran‘s General Staff of the Armed Forces and Ministry of Defense and Armed Forces Logistics. According to a press release, the Department of the Treasury’s Office of Foreign Assets Control is blocking the use of 13...