US Treasury Sanctions Iran-Linked Weapons Procurement, Shipping Networks
The US Treasury on Wednesday sanctioned seven individuals and entities linked to a global network that procured weapons for the Islamic Revolutionary Guard Corps following Iran's attacks in the Strait of Hormuz. The US Department of the Treasury's Office of Foreign Assets Control alleged that the network relied on foreign aviation and transport companies, financial intermediaries and travel coordinators to hide the IRGC's role in weapons procurement and logistics. "Treasury will continue to target and disrupt the illicit procurement networks that fund Iran's weapons programs and war machine," said Treasury Secretary Scott Bessent. The Treasury identified Behrouz Namazi, head of Tehran-based Nika Jet, as a procurement agent for the IRGC. It also sanctioned Nigeria-based Vanguard Tactical Supply and Milan-based Dounia Ettaib for assisting Namazi. In a separate action on Tuesday, the US Treasury sanctioned over 50 individuals, entities and vessels tied to Mohammad Hossein Shamkhani's shipping network as it intensified pressure on Iran's oil exports and sanctions evasion efforts. OFAC said the network supports Iran's oil exports through shipping, commodities trading and.
The US Treasury on Wednesday sanctioned seven individuals and entities linked to a global network that procured weapons for the Islamic Revolutionary Guard Corps following Iran's attacks in the Strait of Hormuz.
The US Department of the Treasury's Office of Foreign Assets Control alleged that the network relied on foreign aviation and transport companies, financial intermediaries and travel coordinators to hide the IRGC's role in weapons procurement and logistics. "Treasury will continue to target and disrupt the illicit procurement networks that fund Iran's weapons programs and war machine," said Treasury Secretary Scott Bessent.
The Treasury identified Behrouz Namazi, head of Tehran-based Nika Jet, as a procurement agent for the IRGC.
It also sanctioned Nigeria-based Vanguard Tactical Supply and Milan-based Dounia Ettaib for assisting Namazi.
In a separate action on Tuesday, the US Treasury sanctioned over 50 individuals, entities and vessels tied to Mohammad Hossein Shamkhani's shipping network as it intensified pressure on Iran's oil exports and sanctions evasion efforts.
OFAC said the network supports Iran's oil exports through shipping, commodities trading and.