Treasury Targets Global Network Procuring Weapons for Iranian Regime

WASHINGTON—Today, following Iran’s attacks on commercial vessels in the Strait of Hormuz, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned seven individuals and entities involved in an international network supporting weapons procurement efforts on behalf of the Islamic Revolutionary Guard Corps (IRGC). The actors designated today exemplify Iran’s use of foreign aviation and transport firms, financial conduits, and travel coordinators to obscure the IRGC’s role in illicit procurement and to move material and personnel globally. OFAC will continue to disrupt the overseas procurement and financial networks that sustain Iran’s weapons production and proliferation efforts, which threaten Americans and U.S. partners and allies worldwide.