WASHINGTON – Federal authorities announced Wednesday they are placing sanctions on 11 individuals and organizations accused of helping Iran’s Islamic Revolutionary Guard Corps and Iranian military obtain weapons, with the majority of those targeted operating out of China and Hong Kong.
According to the U.S. Treasury’s Office of Foreign Assets Control, nine of the sanctioned parties were individuals and businesses based in China and Hong Kong who helped Iran’s military acquire weapons. The sanctions also target a Hong Kong-based company that operates within Iran’s secret banking network.
Treasury officials said the U.S. State Department simultaneously sanctioned two additional companies and individuals located in Iran and Belarus for their involvement in Iran’s conventional weapons activities.
