"U.S. Imposes Sanctions on Network Smuggling Technology to Iran's Central Bank"

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a procurement network involved in illegally exporting goods and technology from over two dozen U.S. companies to Iran, including the Central Bank of Iran (CBI), which supports the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hizballah. The sanctions target three individuals and four entities tied to the procurement of sophisticated U.S. technology for CBI in violation of U.S. export restrictions and sanctions. This action is taken pursuant to the counterterrorism authority Executive Order (E.O.) 13224, as amended, and all property and interests in property of the designated persons in the U.S. are blocked.