The United States is imposing sanctions today on over twenty individuals and entities involved in a financial facilitation network that benefits Iran’s Ministry of Defense and Armed Forces Logistics, the Iranian Armed Forces General Staff, and Islamic Revolutionary Guard Corps-Qods Force.
Iran’s commodity sales, carried out through a network of foreign-based front companies, provide revenue that helps the regime to continue its support for terrorist groups such as Hamas and Hizballah. Iranian military entities and their business partners enable these sales and exploit the international financial system to recoup the revenue.
The Iranian regime uses this illicit revenue to support conflict and spread terror throughout the Middle East. The United States will continue to disrupt Iran’s funding support for terrorists.
The Department of the Treasury is taking this action pursuant to Executive Order 13224, as amended, which targets terrorists, terrorist organizations, leaders and officials of terrorist groups, and those providing support to terrorists or acts of terrorism. For more information on these designations, see Treasury’s press release.
