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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Tag: IRGC-QF
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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 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...