The Treasury’s Office of Foreign Assets Control targeted nine China- and Hong Kong-based parties for their role in moving components and funds. This includes a Hong Kong firm explicitly accused of operating within Iran’s clandestine banking infrastructure to bypass international oversight. The State Department simultaneously designated two additional entities and individuals operating out of Belarus and Iran, directly connecting them to the ongoing expansion of Tehran’s conventional military capabilities. These measures freeze all assets of the designated parties within U.S. jurisdiction and effectively bar them from accessing the global financial system.
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US expands sanctions against Iranian military procurement network
Jun 10, 20:26 3,793 0
Eleven individuals and entities face new U.S. financial restrictions after being linked to weapons procurement for Iran’s Islamic Revolutionary Guard Corps. The Treasury Department identified a sophisticated web of facilitators spanning China, Hong Kong, Belarus, and Iran that allegedly sustained the Iranian military’s conventional arms efforts.
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