The United States on Wednesday sanctioned an Iraqi company and two of its associates, which it said had helped Iran’s Islamic Revolutionary Guard Corps (IRGC)-Quds force evade sanctions by smuggling hundreds of millions of dollars worth of weapons.
“Treasury is taking action to shut down Iranian weapons smuggling networks that have been used to arm regional proxies of the IRGC Quds Force in Iraq, while personally enriching regime insiders,” Treasury Secretary Steven Mnuchin said in a statement.
“The Iraqi financial sector and the broader international financial system must harden their defenses against the continued deceptive tactics emanating from Tehran in order to avoid complicity in the IRGC’s ongoing sanctions evasion schemes and other malign activities,” Mnuchin added.
Wednesday’s sanctions targeted Baghdad-based South Wealth Resources Company, the statement said. Two of the entity’s associates, who the statement said helped facilitate weapons shipments and the company’s financial operations, were also sanctioned, it said.
US officials said the company’s operation also benefited Abu Mahdi al-Muhandis, a previously sanctioned Iraqi adviser to IRGC-Quds force commander Qassem Soleimani. Washington previously sanctioned Iran’s elite IRGC in April, designating it a terrorist organization in an unprecedented move.
Iran to ask Japan’s Abe to mediate over US oil sanctions: OfficialsIran plans to ask Japan to mediate between Tehran and Washington to ease oil sanctions imposed by the United States, Iranian officials told Reuters ... World News
Iran says new US sanctions make talks offer ‘hollow’Iran said Saturday that new US sanctions on its petrochemical industry show the hollowness of President Donald Trump’s claims to be open to ... Middle East
New US sanctions target Iran’s petrochemical industryNew US sanctions imposed on Friday target Iran’s petrochemical industry, including the country’s largest petrochemical holding group over ... Middle East
Iran’s Rouhani suggests US talks possible if sanctions liftedIranian President Hassan Rouhani signaled on Wednesday that talks with the United States might be possible if Washington lifted sanctions, days after ... Middle East