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OFAC Announces New Iran-Related Designations

By Trade Practitioner on February 14, 2018

On 4 January 2018, OFAC designated five Iran-based entities “subordinate to a key element of Iran’s ballistic missile program”. OFAC designated these entities pursuant to EO 13382 for being owned or controlled by Iran’s
Shahid Bakeri Industrial Group (SBIG). The SBIG is listed in the Annex to EO 13382 and is currently sanctioned by the US, the EU and the United Nations. According to OFAC, the SBIG “is responsible for the development and production of Iran’s solid-propellant ballistic missiles”. On 12 January, OFAC announced additional designations of 14 individuals and entities “in connection with serious human rights abuses and censorship in Iran and support to designated Iranian weapons proliferators”.

  • Posted in:
    International
  • Blog:
    The Trade Practitioner
  • Organization:
    Squire Patton Boggs
  • Article: View Original Source

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