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...
Hello, Guest!
Tag: Office of Foreign Assets Control
Post
US Sanctions Greece-Based Intellexa Consortium Members Over Predator Spyware
The United States has imposed sanctions over the Predator spyware used to target journalists and government officials. On Tuesday, the Department of the Treasury’s Office of Foreign Assets announced that two individuals and five entities associated with Intellexa Consortium, a Greece-based software vendor known for selling spyware and surveillance tools. Predator is a suite of...
Post
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...
Post
US Designates Two Companies Over Links to Russia’s Wagner Group
The U.S. Department of the Treasury has sanctioned Russian company Broker Expert and Central African Republic-based Wood International Group for supporting the Wagner Group, a Russian state-funded private military company. According to the department’s Office of Foreign Assets Control, the Wagner Group has launched actions threatening the peace, security, stability, sovereignty, or territorial integrity of...
Post
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...
Post
US Sanctions Companies Over Connections to Russia-North Korea Arms Deal
The Department of the Treasury has slapped sanctions on three entities that it said were tied to arms trading between Russia and North Korea. In a notice issued on Wednesday, the department’s Office of Foreign Assets Control designated Limited Liability Company Verus, Versor S.R.O. and Defense Engineering Limited Liability Partnership pursuant to Executive Order 13551,...
Post
US Expands Sanctions Against Military-Run Myanmar, Adds Jet Fuel Supply Curbs
The U.S. Department of the Treasury has announced sanctions against companies and individuals helping the jet fuel procurement of Myanmar’s military junta on the back of reports that it has been launching deadly airstrikes on civilian crowds. The sanctions issued Wednesday by the department’s Office of Foreign Assets Control named Shoon Energy Pte Ltd, PEI Energy...
Post
US Adds Entities to Sanctions List Over Connections to Iranian UAV Program
The U.S. government has sanctioned five entities and two individuals from Iran, China, Hong Kong, Turkey and the United Arab Emirates for their involvement in supplying parts Iran requires for its one-way attack drones. In its announcement Wednesday, the Department of the Treasury Office of Foreign Assets Control identified the designated organizations as: Pishgam Electronic...
Post
US Imposes New Round of Sanctions on Russian Federation Procurement Agent
The Department of the Treasury’s Office of Foreign Assets Control has imposed new sanctions on a Belgian businessman and his companies for the export of electronics in support of the Russian military. According to OFAC, Hans De Geetere serves as a director of several companies in Belgium, Cyprus and the Netherlands. He is a long-time...
Post
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...