This Week in Iran Policy (August 26-30)

This Week in Iran Policy (August 26-30)

 

DESIGNATION OF INDIVIDUALS AND ENTITIES LINKED TO IRANIAN PROCUREMENT NETWORKS UNDER E.O. 13382

“Today, the U.S. sanctioned entities responsible for moving over $1 million worth of proliferation-sensitive electronic parts and aluminum alloys for the Iranian regime. U.S. pressure will continue until the regime changes course.”

– Secretary of State Mike Pompeo, Twitter, August 28

  • The Department of the Treasury designated nine entities and individuals based in Iran and one entity based in Hong Kong for supporting Iranian proliferation-sensitive procurement efforts. The sanctioned individuals and entities will be denied access to the U.S. financial system and listed online as proliferators of weapons of mass destruction. In addition, a freeze will be placed on any U.S. assets. Non-U.S. persons who knowingly provide significant goods, services, or support to the individuals and entities designated may themselves face sanctions consequences.
  • The Iranian regime continues to foment regional conflicts, develop and proliferate ballistic missiles, hold foreign citizens hostage, brutalize its own people, and sponsor terrorism on an unprecedented scale. It is also expanding its uranium enrichment-related activities.  The United States will continue to increase pressure on the Iranian regime until it changes its behavior.
  • Please see the full Press Statement and the Department of Treasury for more information.

SANCTIONING OF JAMMAL TRUST BANK

“Lebanon-based Jammal Trust Bank (JTB) spent years supporting Hizbalalh’s illicit finances. Today @USTreasury OFAC sanctioned JTB for these actions. We won’t hesitate to designate individuals & institutions that facilitate and support Hizballah’s terrorism.”

– Secretary of State Mike Pompeo, Twitter, August 29

  • The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned Lebanon-based Jammal Trust Bank SAL (Jammal Trust) for supporting Hizballah’s illicit financial and banking activities.
  • The designation reflects our determination to counter Hizballah’s terrorist and illicit activities in Lebanon.  We will continue to target individuals and entities involved in financing and providing support to Hizballah while working closely with the Central Bank of Lebanon and other Lebanese institutions which work to preserve the integrity and stability of Lebanon’s banking system.
  • Please see the full Press Statement and the Department of Treasury for more information.

SANCTIONING OF FINANCIAL FACILITATORS FOR HAMAS

“@USTreasury’s #OFAC sanctioned Hamas money men for taking the #Iran regime’s IRGC-QF funds to support illicit activities. We’ll continue to designate individual and institutions that facilitate and support Hamas agenda of terrorism against #Israel and the Palestinian people.”

– Secretary of State Mike Pompeo, Twitter, August 29

  • The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in partnership with the Sultanate of Oman, sanctioned four financial facilitators responsible for moving tens of millions of dollars between Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hamas’s Izz-Al-Din Al-Qassam Brigades in Gaza.
  • The designation reflects our determination to counter Iran’s malign influence and the financial, material, or technological support, or financial or other services to or in support of Hamas.  We will continue to target individuals and entities involved in financing and providing support to Hamas and their destabilizing violence against Israel and the Palestinian people.
  • Please see the full Press Statement and the Department of Treasury for more information.