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Today’s OFAC Iran designations target the Supreme Leader

Today, OFAC added the following persons:

MARVI, Ahmad (Arabic: احمد مروی), Mashhad, Iran; DOB 1958; POB Mashhad, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male (individual) [IRAN-EO13876]. 
 
MIRJIRASH AL-MUHAMMADAWI, Abd al-Aziz Malluh (a.k.a. AL-MOHAMMEDAWI, Abdul Aziz; a.k.a. MJERESH, Abdulazeez Mlawwah Mjeresh; a.k.a. “Abu Fadak”; a.k.a. “Al Khal”; a.k.a. “AL-MOHAMMEDAWI, Abu Fadak”), Iraq; DOB 20 Jan 1968; POB Iraq; citizen Iraq; Gender Male; Passport A6108489 (Iraq) expires 28 Apr 2020 (individual) [SDGT] (Linked To: ISLAMIC STATE OF IRAQ AND THE LEVANT). 
 
MOKHBER, Mohammad, Iran; DOB 01 Sep 1955; POB Dezful, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport A21445778 (Iran) issued 12 Jul 2011 expires 11 Jul 2016; alt. Passport U36089492 (Iran) expires 25 Dec 2020 (individual) [IRAN-EO13876] (Linked To: EXECUTION OF IMAM KHOMEINI’S ORDER). 

and entities:

ABADAN POWER GENERATION COMPANY (Arabic: شرکت تولید نیروی برق آبادان), Mahshahr Highway, Velayat Square, Ahwaz, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10860410234 (Iran); Registration Number 4967 (Iran) [IRAN-EO13876] (Linked To: REY NIRU ENGINEERING COMPANY). 
 
ASTAN QUDS RAZAVI (Arabic: آستان قدس رضوی) (a.k.a. ASTAN QODS RAZAVI), Shohada Intersection, Mashhad 9133743588, Iran; Website https://www.razavi.ir; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 14004342173 (Iran) [IRAN-EO13876]. 
 
BARKAT VENTURES (Arabic: موسسه دانش بنیان برکت), No. 12, Zagros St., 12th Ave, Argentina Square, Tehran, Iran; Website https://barkatventures.com; Additional Sanctions Information – Subject to Secondary Sanctions; Registration Number 38594 (Iran) [IRAN-EO13876] (Linked To: EXECUTION OF IMAM KHOMEINI’S ORDER). 
 
IRAN COMBINE MANUFACTURING CO. (Arabic: شرکت کمباین سازی ایران), Ghaem Magham Farahani St., Motahhari Intersection, Magnolia Alley #37, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10100514779 (Iran); Registration Number 11116 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
IRAN MOBIN ELECTRONIC DEVELOPMENT COMPANY (Arabic: شرکت گسترش الکترونیک مبین ایران) (a.k.a. MOBIN IRAN ELECTRONICS DEVELOPMENT COMPANY), Ahmad Qassir Bokharest St., Argentine Sq., Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10103492170 (Iran); Registration Number 313314 (Iran) [IRAN-EO13876] (Linked To: EXECUTION OF IMAM KHOMEINI’S ORDER). 
 
MOFIDRAHBAR AUDIT FIRM (Arabic: موسسه حسابرسی مفید راهبر) (a.k.a. MOFID RAAHBAR AUDITING INSTITUTION), No. 9, 13th St. Ahmad Qasir St., Argentina Square, Tehran 1968635414, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10861836531 (Iran); Registration Number 7355 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
QUDS RAZAVI HOUSING AND CONSTRUCTION CO. (Arabic: شرکت مسکن و عمران قدس رضوی), University St., North of Kafaei Blvd, #439, Mashhad, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10380186188 (Iran); Registration Number 2873 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
QUDS RAZAVI MINES CO. (Arabic: شرکت معادن قدس رضوی), Iran; Turkmenistan; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10380279032 (Iran); Registration Number 12211 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
QUDS RAZAVI TRADITIONAL TILE CO. (Arabic: شرکت کاشی سنتی قدس رضوی), Sarakhs Rd., 20 Kaneh Rd., 14 km., Mashhad, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10380234220 (Iran); Registration Number 7626 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
RAZAVI BROKERAGE FIRM (Arabic: شرکت کارگزاری بورس اوراق بهادار رضوی) (a.k.a. RAZAVI BROKERAGE HOUSE), W. Arghavan, Farahzadi Blvd., Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10861642000 (Iran); Registration Number 23150 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
RAZAVI ECONOMIC ORGANIZATION (Arabic: سازمان اقتصادی رضوی), Central District, Ferdowsi, Khayyam Blvd., Khayyam St. 33 Shahid Nourbakhsh 2, #0, Ground Floor, Mashhad, Khorasan Razavi 9185917111, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10380129694 (Iran); Registration Number 1316 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
RAZAVI INFORMATION AND COMMUNICATION TECHNOLOGY CO. (Arabic: شرکت فناوری اطلاعات و ارتباطات رضوی) (a.k.a. FAVA RAZAVI (Arabic: فاوا رضوی)), Kuh Sangi, Kuhsangi 17, Mashhad, Khorasan Razavi, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10380287760 (Iran); Registration Number 13107 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
RAZAVI OIL AND GAS DEVELOPMENT CO. (Arabic: شرکت توسعه نفت و گاز رضوی) (a.k.a. RAZAVI OIL AND GAS SECURITY CO.), Shahrak-e Gharb, Farahzadi Blvd., W. Arghavan St., #48, First Floor Units 1 and 2, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10380455051 (Iran); Registration Number 390446 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
RAZAVI SUPPLY CHAIN MANAGEMENT CO. (Arabic: شرکت مدیریت زنجیره تامین رضوی), Markazi District, Ferdowsi, Khayyam 33 St., Shahid Nourbakhsh 2, Khayyam Blvd, Ground Floor, Mashhad, Khorasan Razavi 9185917111, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 14007662581 (Iran); Registration Number 64835 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
SHAHAB KHODRO CO. (Arabic: شرکت شهاب خودرو), 9th km of Shahid Lashkari Hwy., Special Karaj Rd., Tehran 1399735951, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10100372558 (Iran); Registration Number 8747 (Iran) [IRAN-EO13876] (Linked To: ASTAN QUDS RAZAVI). 
 
TADBIR DRILLING DEVELOPMENT COMPANY (Arabic: شرکت توسعه حفاری تدبیر), 2nd & 7th Floors, NO. 346, East. Mirdamad Ave., Modarres Exp., Tehran 1549944919, Iran; 2nd Floor, No. 253, Mirdamad Blvd., Tehran, Iran; Website http://www.tadbirdrilling.com; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10320816650 (Iran); Registration Number 429205 (Iran) [IRAN-EO13876] (Linked To: TADBIR ENERGY DEVELOPMENT GROUP CO.). 

to its Iran (Executive Order 13876) sanctions program. Note that MIRJIRASH AL-MUHAMMADAWI was also added to the counter terrorism program.

Additionally, the following designations were updated to add them to this program (previously only under the base IRAN program):

EXECUTION OF IMAM KHOMEINI’S ORDER (a.k.a. EIKO; a.k.a. SETAD; a.k.a. SETAD EJRAEI EMAM; a.k.a. SETAD-E EJRAEI-E FARMAN-E HAZRAT-E EMAM; a.k.a. SETAD-E FARMAN-EJRAEI-YE EMAM), Khaled Stamboli St., Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN]. -to- EXECUTION OF IMAM KHOMEINI’S ORDER (a.k.a. SETAD EJRAEI EMAM; a.k.a. SETAD-E EJRAEI-E FARMAN-E HAZRAT-E EMAM (Arabic: ستاد اجرایی فرمان حضرت امام‎); a.k.a. SETAD-E FARMAN-EJRAEI-YE EMAM (Arabic: ستاد اجرایی فرمان امام‎); a.k.a. “EIKO”; a.k.a. “SETAD” (Arabic: “ستاد“)), Khaled Stamboli St., Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN] [IRAN-EO13876]. 
 
GHAED BASSIR PETROCHEMICAL PRODUCTS COMPANY (a.k.a. GHAED BASSIR), No. 15, Palizvani (7th) Street, Gandhi (South) Avenue, Tehran 1517655711, Iran; Km 10 of Khomayen Road, Golpayegan, Iran; Website http://www.gbpc.net; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN]. -to- GHAED BASSIR PETROCHEMICAL PRODUCTS COMPANY (Arabic: شرکت پتروشیمی قائد بصیر) (a.k.a. GHAED BASSIR (Arabic: قائد بصیر)), No. 15, Palizvani (7th) Street, Gandhi (South) Avenue, Tehran 1517655711, Iran; Km 10 of Khomayen Road, Golpayegan, Iran; Website http://www.gbpc.net; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10101795696 (Iran); Registration Number 136434 (Iran) [IRAN] [IRAN-EO13876] (Linked To: TADBIR ENERGY DEVELOPMENT GROUP CO.). 
 
PARS OIL CO. (a.k.a. PARS OIL; a.k.a. SHERKAT NAFT PARS SAHAMI AAM), Iran; No. 346, Pars Oil Company Building, Modarres Highway, East Mirdamad Boulevard, Tehran 1549944511, Iran; Postal Box 14155-1473, Tehran 159944511, Iran; Website http://www.parsoilco.com; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN]. -to- PARS OIL CO. (a.k.a. PARS OIL (Arabic: نفت پارس); a.k.a. SHERKAT NAFT PARS SAHAMI AAM (Arabic: شرکت نفت پارس سهامی عام)), No. 346, Pars Oil Company Building, Modarres Highway, East Mirdamad Boulevard, Tehran 1549944511, Iran; Postal Box 14155-1473, Tehran 159944511, Iran; Iran; Website http://www.parsoilco.com; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10100302746 (Iran); Registration Number 6388 (Iran) [IRAN] [IRAN-EO13876] (Linked To: TADBIR ENERGY DEVELOPMENT GROUP CO.). 
 
PERSIA OIL & GAS INDUSTRY DEVELOPMENT CO. (a.k.a. PERSIA OIL AND GAS INDUSTRY DEVELOPMENT CO.; a.k.a. TOSE SANAT-E NAFT VA GAS PERSIA), 7th Floor, No. 346, Mirdamad Avenue, Tehran, Iran; Ground Floor, No. 14, Saba Street, Africa Boulevard, Tehran, Iran; Website http://www.pogidc.com; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN]. -to- PERSIA OIL & GAS INDUSTRY DEVELOPMENT CO. (Arabic: شرکت توسعه صنعت نفت و گاز پرشیا) (a.k.a. PERSIA OIL AND GAS INDUSTRY DEVELOPMENT CO.; a.k.a. TOSE SANAT-E NAFT VA GAS PERSIA), 7th Floor, No. 346, Mirdamad Avenue, Tehran, Iran; Ground Floor, No. 14, Saba Street, Africa Boulevard, Tehran, Iran; Website http://www.pogidc.com; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10102933619 (Iran); Registration Number 252925 (Iran) [IRAN] [IRAN-EO13876] (Linked To: TADBIR ENERGY DEVELOPMENT GROUP CO.). 
 
REY NIRU ENGINEERING COMPANY (a.k.a. REY NIROO ENGINEERING COMPANY); Website http://www.reyniroo.com; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN]. -to- REY NIRU ENGINEERING COMPANY (Arabic: شرکت مهندسی ری نیرو) (a.k.a. REY NIROO ENGINEERING COMPANY), Floor 4, No. 234, North Iranshahr St., Karimkhan Zand Blvd., Tehran, Iran; Website http://www.reyniroo.com; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10102819429 (Iran); Registration Number 241189 (Iran) [IRAN] [IRAN-EO13876] (Linked To: TADBIR ENERGY DEVELOPMENT GROUP CO.). 
 
TADBIR ECONOMIC DEVELOPMENT GROUP (a.k.a. TADBIR GROUP), 16 Avenue Bucharest, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN]. -to- TADBIR ECONOMIC DEVELOPMENT GROUP (Arabic: شرکت گروه توسعه اقتصادی تدبیر) (a.k.a. TADBIR GROUP), 16 Avenue Bucharest, Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10103871690 (Iran); Registration Number 341189 (Iran) [IRAN] [IRAN-EO13876] (Linked To: EXECUTION OF IMAM KHOMEINI’S ORDER). 
 
TADBIR ENERGY DEVELOPMENT GROUP CO., 6th Floor, Mirdamad Avenue, No. 346, Tehran, Iran; Website http://www.tadbirenergy.com; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN]. -to- TADBIR ENERGY DEVELOPMENT GROUP CO. (Arabic: شرکت گروه توسعه انرژی تدبیر), 6th Floor, Mirdamad Avenue, No. 346, Tehran, Iran; Website http://www.tadbirenergy.com; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10103669614 (Iran); Registration Number 329465 (Iran) [IRAN] [IRAN-EO13876] (Linked To: TADBIR ECONOMIC DEVELOPMENT GROUP). 

And the Treasury Department:

PRESS RELEASES

Treasury Targets Billion Dollar Foundations Controlled by Iran’s Supreme Leader

Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against two organizations, along with their leaders and subsidiaries, controlled by the Supreme Leader of Iran, the Execution of Imam Khomeini’s Order (EIKO), and Astan Quds Razavi (AQR). While purportedly charitable organizations (bonyads), EIKO and AQR control large swaths of the Iranian economy, including assets expropriated from political dissidents and religious minorities, to the benefit of Supreme Leader Ali Khamenei and senior Iranian government officials. Alongside the previously designated Bonyad Mostazafan, itself controlled by the Supreme Leader, and the IRGC-owned Khatam al-Anbiya, AQR and EIKO are said to control more than half of the Iranian economy.

“These institutions enable Iran’s elite to sustain a corrupt system of ownership over large parts of Iran’s economy,” said Secretary Steven T. Mnuchin. “The United States will continue to target those who enrich themselves while claiming to help the Iranian people.”

These persons are being designated pursuant to Executive Order (E.O.) 13876, which targets the Supreme Leader of the Islamic Republic of Iran and the Iranian Supreme Leader’s Office (SLO), as well as their affiliates. This action follows Treasury’s November 2020 designation of the Bonyad Mostazafan, an immense conglomerate with holdings in key sectors of Iran’s economy. As with EIKO and AQR, Bonyad Mostazafan has been the beneficiary of favorable treatment by Iran’s corrupt leadership, and its assets have been used by the Supreme Leader Ali Khamenei to enrich his office, reward his political allies, and persecute the regime’s perceived enemies.

IRANIAN BONYADS

Bonyads are opaque, quasi-official organizations generally controlled by current and former government officials and clerics that report directly to the Supreme Leader. Bonyads receive benefits from the Iranian government, including tax exemptions, but are not required to have their budgets publicly approved. This lack of accountability has enabled the bonyads to expand their economic activities far beyond their original remit and has led to the accumulation of vast amounts of wealth without delivering the promised benefit to the people of Iran. Further, the lack of accountability has allowed systemic corruption and mismanagement to grow unchecked, with only low level or isolated actors being held to account by the regime.

EXECUTION OF IMAM KHOMEINI’S ORDER (EIKO)

Today’s action targets EIKO, its leader Mohammad Mokhber, and its subsidiaries in key Iranian economic sectors such as energy, telecommunications, and financial services.

EIKO is a business juggernaut under the direct supervision of Supreme Leader Ali Khamenei that has a stake in nearly every sector of the Iranian economy, including energy, telecommunications, and financial services. EIKO has systematically violated the rights of dissidents by confiscating land and property from opponents of the regime, including political opponents, religious minorities, and exiled Iranians, while, according to its leader Mohammad Mokhber, being tasked by the Supreme Leader to implement a “resistance economy.”

EIKO carries out many of its investments through the Tadbir Economic Development Group, a large organization that is one of EIKO’s main holding companies. Tadbir Economic Development Group has numerous subsidiaries, some of which are in the process of entering Iran’s stock exchange, with many held as subsidiaries of the Tadbir Energy Development Group Co. Entities owned or controlled, directly or indirectly, by Tadbir Energy Development Group Co. include Ghaed Bassir Petrochemical Products Company, Tadbir Drilling and Development Company, Persia Oil & Gas Industry Development Co., Pars Oil Company, Rey Niru Engineering Company, and Abadan Power Generation Company, all of which are in Iran’s energy or petrochemicals industries.

Also designated today is Iran Mobin Electronic Development Company, a direct subsidiary of EIKO involved in telecommunications, and Barkat Ventures, a direct subsidiary of EIKO that serves as a pillar of EIKO’s investments into cyberspace and information technology.

EIKO is being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, the Supreme Leader of Iran. EIKO and several of its subsidiaries were previously identified as meeting the definition of the Government of Iran pursuant to E.O. 13599 and added to OFAC’s Specially Designated Nationals and Blocked Persons List in 2013.

Mohmmad Mokhber is being designated pursuant to E.O. 13876 for being a member of the board of directors or a senior executive officer of EIKO.

Tadbir Economic Development Group, Iran Mobin Electronic Development Company, and Barkat Ventures are being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, EIKO.

Tadbir Energy Development Group Co. is being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, Tadbir Economic Development Group.

Ghaed Bassir Petrochemical Products Company, Tadbir Drilling and Development Company, Persia Oil & Gas Industry Development Co., Pars Oil Company, and Rey Niru Engineering Company are being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, Tadbir Energy Development Group Co.

Abadan Power Generation Company is being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, Rey Niru Engineering Company.

ASTAN QUDS RAZAVI (AQR)

AQR is ostensibly a charitable organization tasked with overseeing the operations of the Imam Reza shrine in Mashhad, Iran. In reality, under the direct supervision of the Supreme Leader, AQR has acquired vast economic holdings in construction, agriculture, energy, telecommunications, and financial services. AQR is overseen by its custodian Ahmad Marvi, one of Supreme Leader Khamenei’s closest associates for several decades, whose appointment demonstrates the importance of AQR to the regime.

AQR controls entities in several fields through Razavi Economic Organization, an entity established in the late 1990s to procure and secure the financial resources necessary to carry out AQR’s social and cultural tasks, and for managing and directing companies and institutes affiliated with AQR. AQR’s vast economic empire consists of entities involved in logistics, automotive manufacturing, mining, energy, financial services, and the manufacturing of tile, including Shahab Khodro Co., Iran Combine Manufacturing Co., Quds Razavi Housing and Construction Co., Quds Razavi Mines Co., Quds Razavi Traditional Tile Co., Razavi Brokerage Firm, Razavi Oil and Gas Development Co., and Razavi Supply Chain Management Co.

Also designated today are entities who have materially assisted, sponsored, or provided material support to AQR. Razavi Information and Communication Technology Co., or FAVA, provides AQR with telecommunications and computer services, and develops hardware and software for information and communication technologies for use in Iran by both private companies and companies in AQR’s network. Mofidrahbar Audit Firm is an audit firm that provides professional services to institutions and agencies supervised by the SLO, has been tasked with reviewing and auditing the performance of the economic activities of AQR, and is the chief inspector and official auditor for a significant number of AQR’s subsidiaries.

AQR is being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, the Supreme Leader of Iran.

Ahmad Marvi is being designated pursuant to E.O. 13876 for being a person appointed by the Supreme Leader to a position as the head of any entity located in Iran.

Razavi Economic Organization, Shahab Khodro Co., Iran Combine Manufacturing Co., Quds Razavi Housing and Construction Co., Quds Razavi Mines Co., Quds Razavi Traditional Tile Co., Razavi Brokerage Firm, Razavi Oil and Gas Development Co., and Razavi Supply Chain Management Co. are being designated pursuant to E.O. 13876 for being owned or controlled by, directly or indirectly, AQR.

Razavi Information and Communication Technology Co. and Mofidrahbar Audit Firm are being designated pursuant to E.O. 13876 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, AQR.

SANCTIONS IMPLICATIONS

As a result of today’s action, all property and interests in property of the persons designated above for blocking sanctions must be blocked and reported to OFAC if their property or interests in property are in the United States or in the possession or control of U.S. persons. OFAC’s regulations generally prohibit all dealings by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked or designated persons.

In addition, persons that engage in certain transactions with the individuals or entities designated today may themselves be exposed to sanctions. Furthermore, any foreign financial institution that knowingly facilitates a significant transaction or provides significant financial services for any of the persons designated today could be subject to U.S. correspondent account or payable-through account sanctions.

and State Department:

Today, the United States is imposing sanctions on two organizations controlled by the Supreme Leader of Iran, the Execution of Imam Khomeini’s Order (EIKO) and Astan Quds Razavi (AQR).  While masquerading as charitable organizations, EIKO and AQR control large portions of the Iranian economy, including assets seized from political dissidents and religious minorities, for the benefit of Supreme Leader Ali Khamenei, his office, and senior Iranian government officials.

These entities are being designated pursuant to Executive Order 13876, which targets the Supreme Leader of the Islamic Republic of Iran, the Iranian Supreme Leader’s Office (SLO), and their affiliates.  This action follows the Department of the Treasury’s November 2020 designation of the Bonyad Mostazafan, an immense conglomerate controlled by Khamenei with holdings in key sectors of Iran’s economy.  Alongside Bonyad Mostazafan and the previously designated IRGC-owned entity, Khatam al-Anbiya, AQR, and EIKO are estimated to control more than half of the Iranian economy.

These institutions enable Iran’s corrupt leaders to exploit a system of ownership over a wide range of sectors of Iran’s economy.  The United States will continue to target entities and individuals that enrich themselves while claiming to help the Iranian people.

issued press releases.

Links:

OFAC Notice

State Department Press Release

Treasury Department Press Release

Categories: Iranian Sanctions OFAC Updates Sanctions Lists Terrorism

eric9to5

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