News
Print PDF

Practice Areas

Support for Iran’s Ballistic Missile Program Draws Sanctions for 11 Entities

Monday, January 25, 2016
Sandler, Travis & Rosenberg Trade Report

Illustrating that it will continue to impose sanctions against objectionable Iranian activities even after lifting some restrictions pursuant to a multinational deal on Iran’s nuclear ambitions, the Treasury Department’s Office of Foreign Assets Control has designated 11 entities and individuals involved in procurement on behalf of Iran’s ballistic missile program. Specifically, OFAC sanctioned a trading company based in the United Arab Emirates and its China- and UAE-based network that the agency said obfuscated the end-user of sensitive goods for missile proliferation by using front companies in third countries to deceive foreign suppliers. Also designated were five Iranian individuals who have worked to procure ballistic missile components for Iran.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines