(WASHINGTON) – The U.S. Treasury Department has announced sanctions against more entities affiliated with Iran’s shipping line or Bank Mellat, both of which have been tied to the country’s weapons of mass destruction programs.
The department on Tuesday named five corporate officers and 10 businesses they say are tied to either the Islamic Republic of Iran Shipping Lines or Bank Mellat, both of which are under sanction.
“As long as Iran uses front companies, cut-outs and other forms of deception to hide its illicit activities, we intend to expose this conduct and thereby counteract Iran's attempts to evade U.S. and international sanctions,” said Under Secretary for Terrorism and Financial Intelligence Stuart Levey.
Among those named by the department were Malaysia-based Pearl Energy Company and its director, as well as four top IRISL executives and eight IRISL front companies located on the Isle of Man.
These and similar sanctions have been made in an attempt to cut off financial support to WMD proliferators.
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