OFAC Sanctions Four Iran-Related Companies

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday designated three Iran-based entities pursuant to E.O. 13382 for their activities related to two key elements of Iran’s military, and one China-based entity for proliferation activities related to a key supporter of Iran’s military.

Shahid Alamolhoda Industries (SAI) was designated for being owned or controlled by Iran’s Naval Defence Missile Industry Group (SAIG). SAIG, which is involved in the development and production of cruise missiles and is responsible for naval missiles, was designated pursuant to E.O. 13382 on June 16, 2010. SAIG also is sanctioned by the United Nations and the European Union. SAI, a direct subordinate to SAIG, is involved in the development of missile components.

Rastafann Ertebat Engineering Company (Rastafann) was designated for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, SAIG and the IRGC. Rastafann has provided radar systems to SAIG and communications equipment to the IRGC.

Fanamoj, the parent company of Rastafann, was designated for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, the IRGC. Fanamoj has designed components for the Iranian military’s missile systems.

Wuhan Sanjiang Import and Export Co. LTD (Wuhan Sanjiang) pursuant to E.O. 13382 for proliferation activities related to a key supporter of Iran’s military. Wuhan Sanjiang has provided financial, material, technological, or other support for, or goods or services in support of, Iran’s Shiraz Electronics Industries (SEI).

SEI was designated pursuant to E.O. 13382 on September 19, 2008, for being owned or controlled by Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL). SEI engaged in the production of various electronics equipment for the Iranian military, including radars, microwave electron vacuum tubes, naval electronics, avionics and control systems, training simulators, missile guidance technology, and electronic test equipment.

Since at least 2014, Wuhan Sanjiang has entered into contracts to sell SEI navigation-related gyrocompasses valued at hundreds of thousands of dollars. Wuhan Sanjiang has sold SEI a variety of highly specialized sensors valued at nearly one million dollars, and has taken steps to obfuscate those transactions to avoid detection.

Additionally, in 2011, Wuhan Sanjiang transferred six off-road lumber transporter vehicles to North Korea, which North Korea subsequently converted into Transporter-Erector-Launchers (TELs) for use in its ballistic missile program.

(Source: OFAC)

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