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Tag: US Treasury Department

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Treasury Department Designates Iranian Entities, Executive Involved in Drone Parts Procurement; Brian Nelson Quoted

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...