U.S. IMPOSES NEW SANCTIONS ON IRAN
August 18, 2017
On July 18, 2017, President Trump issued new sanctions against 18 Iranian entities and individuals for supporting the Islamic republic’s “ballistic missile program, military procurement and outside armed groups[.]” The sanctions freeze any assets the targets may have in the U.S. and prevents Americans from doing business with them.
The Treasury Department placed sanctions on seven entities and five individuals for their support of the Iranian military and the Islamic Revolutionary Guard Corps, as well as two Iranian companies allegedly engaged in international hacking efforts and two men connected to the company. The individuals, Mohammed Saeed Ajily and Mohammed Reza Rezakhah, are alleged by the Treasury and in federal court documents to have stolen defense software from a U.S. company for sale in Iran by Ajily’s company, Ajily Software Procurement Group. A related company is also a target of sanctions.
The full list of entities on the sanctions list, as published by OFAC, includes:
- ABASCIENCE TECH CO. LTD.;
- ANDISHEH VESAL MIDDLE EAST COMPANY; ISLAMIC REVOLUTIONARY GUARD CORPS AEROSPACE FORCE SELF SUFFICIENCY JIHAD ORGANIZATION (a.k.a. ISLAMIC REVOLUTIONARY GUARD CORPS AEROSPACE FORCE RESEARCH AND SELF SUFFICIENCY JEHAD ORGANIZATION;
- ISLAMIC REVOLUTIONARY GUARD CORPS RESEARCH AND SELF-SUFFICIENCY JEHAD ORGANIZATION (a.k.a. ISLAMIC REVOLUTIONARY GUARD CORPS RESEARCH AND SELF-SUFFICIENCY JIHAD ORGANIZATION; a.k.a. ISLAMIC REVOLUTIONARY GUARD CORPS SELF-SUFFICIENCY JEHAD ORGANIZATION);
- QESHM MADKANDALOO SHIPBUILDING COOPERATIVE CO (a.k.a. MAD KANDALU COMPANY; a.k.a. MAD KANDALU SHIPBUILDING COOPERATIVE; a.k.a. MAD KANDALU SHIPBUILDING COOPERATIVE QESHM; a.k.a. MADKANDALOU COMPANY);
- RAMOR GROUP (a.k.a. RAMOR DIS TICARET VE INSAAT YATIRIM ANONIM SIRKETI);
- RAYAN ROSHD AFZAR COMPANY (a.k.a. RAYAN ROSHD COMPANY; a.k.a. “RAYAN ROSHD”);
- RAYBEAM OPTRONICS CO. LTD.;
- RAYTRONIC CORPORATION, LIMITED; and
- SUNWAY TECH CO., LTD.
If you have any questions, please contact Evelyn Sahr (esahr@eckertseamans.com, 202-659-6622) or Drew Derco (dderco@eckertseamans.com, 202-659-6665).
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