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America Sanctions 16 Individuals and 10 Companies and Institutions Associated with Iran On Thursday, October 15, the United States Treasury Department imposed sanctions on a number of individuals and entities associated with the Islamic Republic and added them to OFAC's sanctions list. OFAC, the Office of Foreign Capital Control, is one of the agencies under the supervision of the United States Department of the Treasury, which imposes economic and trade sanctions against non-US governments, organizations and individuals based on the foreign policy and objectives of the United States. According to the information published on Thursday on the website of the US Treasury Department, 16 Iranian citizens and 10 entities related to Iran, including three banks, several exchange offices and commercial companies, were sanctioned. All of the sanctioned individuals are Iranian and the sanctioned institutions include banks, stock exchanges and companies in Iran, Iraq and Hong Kong. Among other things, OFEC imposed sanctions on the "International Development Bank in Iraq for Investments and Financing" and at the same time issued a license to terminate transactions with this bank. "Habhar International Bank" and "Bai International Bank" are other sanctioned institutions. According to a statement from the US Treasury Department, these networks played a role in providing dollars, transferring oil revenues and circumventing Iranian sanctions. This ministry, which has imposed ongoing sanctions on groups of individuals, authorities, institutions and assets of or related to Iran over the past two months, announced that these new measures were also carried out as part of Iran's "economic exclusion" operation.

DW Persian · دویچه‌وله فارسی · Source

America Sanctions 16 Individuals and 10 Companies and Institutions Associated with Iran On Thursday, October 15, the United States Treasury Department imposed sanctions on a number of individuals and entities associated with the Islamic Republic and added them to OFAC's sanctions list. OFAC, the Office of Foreign Capital Control, is one of the agencies under the supervision of the United States Department of the Treasury, which imposes economic and trade sanctions against non-US governments, organizations and individuals based on the foreign policy and objectives of the United States. According to the information published on Thursday on the website of the US Treasury Department, 16 Iranian citizens and 10 entities related to Iran, including three banks, several exchange offices and commercial companies, were sanctioned. All of the sanctioned individuals are Iranian and the sanctioned institutions include banks, stock exchanges and companies in Iran, Iraq and Hong Kong. Among other things, OFEC imposed sanctions on the "International Development Bank in Iraq for Investments and Financing" and at the same time issued a license to terminate transactions with this bank. "Habhar International Bank" and "Bai International Bank" are other sanctioned institutions. According to a statement from the US Treasury Department, these networks played a role in providing dollars, transferring oil revenues and circumventing Iranian sanctions. This ministry, which has imposed ongoing sanctions on groups of individuals, authorities, institutions and assets of or related to Iran over the past two months, announced that these new measures were also carried out as part of Iran's "economic exclusion" operation.

America Sanctions 16 Individuals and 10 Companies and Institutions Associated with Iran On Thursday, October 15, the United States Treasury Department imposed sanctions on a number of individuals and entities associated with the Islamic Republic and added them to OFAC's sanctions list. OFAC, the Office of Foreign Capital Control, is one of the agencies under the supervision of the United States Department of the Treasury, which imposes economic and trade sanctions against non-US governments, organizations and individuals based on the foreign policy and objectives of the United States. According to the information published on Thursday on the website of the US Treasury Department, 16 Iranian citizens and 10 entities related to Iran, including three banks, several exchange offices and commercial companies, were sanctioned. All of the sanctioned individuals are Iranian and the sanctioned institutions include banks, stock exchanges and companies in Iran, Iraq and Hong Kong. Among other things, OFEC imposed sanctions on the "International Development Bank in Iraq for Investments and Financing" and at the same time issued a license to terminate transactions with this bank. "Habhar International Bank" and "Bai International Bank" are other sanctioned institutions. According to a statement from the US Treasury Department, these networks played a role in providing dollars, transferring oil revenues and circumventing Iranian sanctions. This ministry, which has imposed ongoing sanctions on groups of individuals, authorities, institutions and assets of or related to Iran over the past two months, announced that these new measures were also carried out as part of Iran's "economic exclusion" operation.