US sanctions two networks with ties to Iranian government and armed forces

The United States Treasury Department announced that two networks with ties to the Islamic Republic government and armed forces have been added to the list of sanctions.

The statement released by US Treasury on Wednesday, August 28, explains that these networks were going around US and international sanctions against Iran using a shell corporation in Hong Kong.

According to the statement, the network led by Hamed Dehghan had facilitated the trade of tens of millions of dollars in American technology and electronic equipment for individuals “with ties to the Islamic Revolutionary Guard Corps (IRGC) and the Islamic Republic’s missile program.”

The statement goes on to say that the second network, led by Hossein Shariat, had received sanctioned aluminum alloy products on behalf of the Islamic Republic of Iran’s Ministry of Defense.

The US Treasury deputy of financial intelligence and terrorism said: “While the regime of Iran tries to hide the enhancement of its weapons of mass destruction program through complicated schemes, the United States neutralizes these efforts each time.”

He asked all countries to stay vigilant, so their companies and financial institutions do not help Iran’s missile program.

The new sanctions could lead to freezing all assets of these individuals in the United States.

Based on the treasury’s regulations, “any foreign financial institution that knowingly facilitates significant trades or provides broad financial services to individuals mentioned in the statement might be targeted by certain banking sanctions in the United States.”

The United States started the “maximum pressure campaign” after leaving the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) so the Islamic Republic “would act like a normal country” and stop “destabilizing the region and the world.”

Iran calls the sanctions “economic war” and “economic terrorism” and has scaled down compliance with its JCPOA commitments in response.

 

 

 

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