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US Designates Lots of Additional Individuals and Entities and SDNs Under the Iran Sanctions Regime

  • USA
  • Global
  • Sanctions

20-11-2020

On 18 November 2020, the Office of Foreign Assets Control of the US Department of Treasury (“OFAC”) designated several Iranian individuals and entities on the Specially Designated Nationals and Blocked Persons (“SDN”) List under the Iran sanctions regime. This action targets persons alleged to be linked to the Islamic Revolution Mostazafan Foundation - a conglomerate of some 160 holdings in key sectors of Iran’s economy, including finance, energy, construction, and mining. These entities and individuals are being designated pursuant to Executive Order (E.O.) 13876, which targets the Supreme Leader of the Islamic Republic of Iran and the Iranian Supreme Leader’s Office, as well as their affiliates.

The listed persons and their property are now subject to US asset freezes and non-US banks and companies face secondary sanctions risk for engaging in business with them. The sanctions extend to any entities owned for 50% or more under OFAC’s “50% rule”. No general or wind-down license has been issued.

It would be an uphill political battle for President-elect Joe Biden to remove these new sanctions. For example, the Iran Nuclear Agreement Review Act of 2015 (H.R. 1191) requires the President to submit to Congress any final agreement related to Iran’s nuclear program, and, upon submission, would restrict the President from relieving sanctions against Iran while Congress considers the agreement.  Congress would then have 30 days to pass a resolution either approving or disapproving the agreement.  The law provides for presidential veto of a disapproval resolution, and would restrict the President from relieving sanctions for 10 days following such a veto. In 2015, under a Republican majority in the House and Senate, Congress did not pass any legislation approving or rejecting the JCPOA, despite many attempts to do so (Democrats prevented the resolution from passing the Senate by filibuster).  

Below is a list of the newly designated SDNs:

The following individuals have been added to OFAC's SDN List:

  • ALAVI, Mahmoud (a.k.a. ALAVI, Seyed Mahmoud; a.k.a. ALAVI, Seyyed Mahmoud (Arabic: سید محمود علوی)), Iran 
  • ALIKHANI, Mohsen (Arabic: محسن علیخانی), Iran 
  • ATABAK, Seyyed Mohammad (Arabic: سید محمد اتابک) (a.k.a. ATABAK, Mohammad; a.k.a. ATABAK, Seyed Mohammad), Iran 
  • BORGHEI, Amir-Mansour (Arabic: امیرمنصور برقعی) (a.k.a. BORGHEI, Mansour (Arabic: منصور برقعی); a.k.a. BORGHEI, Seyyed Amir Mansour (Arabic: سید امیر منصور برقعی)), Iran 
  • ESKANDARI, Mohammad (Arabic: محمد اسکندری), Iran 
  • GHANA'AT, Javad (Arabic: جواد قناعت) (a.k.a. GHANAAT, Javad), Iran 
  • IMANI, Seyyed Zia (Arabic: سید ضیاء ایمانی) (a.k.a. IMANI, Seyyed Zia al-Din (Arabic: سید ضیاء الدین ایمانی); a.k.a. IMANI, Zia (Arabic: ضیاء ایمانی)), Iran
  • MOKHTARI, Khosro (Arabic: خسرو مختاری), Iran 
  • OJI, Javad (Arabic: جواد اوجی), Iran 

The following entities have been added to OFAC's SDN List:

  • ALIAF COMPANY (a.k.a. ALIAF CO.; a.k.a. ALIAF PUBLIC JOINT STOCK CO.; a.k.a. ALIYAF CO.; a.k.a. SHERKAT SAHAMI ALIAF (Arabic: شرکت سهامی الیاف)), Iran 
  • ARVAND KAVEH STEEL CO. (Arabic: شرکت فولاد کاوه اروند), Iran 
  • BEH TAM RAVANKAR (a.k.a. BEH TAM COMPANY; a.k.a. BEH TAM RAVANKAR COMPANY (Arabic: شرکت به تام روانکار); a.k.a. SHERKATE BEH TAAM; a.k.a. "BEH TAM"), Iran 
  • BEHRAN OIL CO. (Arabic: شرکت نفت بهران) (a.k.a. BEHRAN OIL; a.k.a. BEHRAN OIL PUBLIC JOINT STOCK COMPANY), Iran 
  • BEHRAN TRADING COMPANY (Arabic: شرکت بازرگانی بهران) (a.k.a. BEHRAN TRADING), Iran 
  • BONYAD EASTERN RAILWAY COMPANY (a.k.a. BONRAIL (Arabic: بن ریل); a.k.a. BONRAIL COMPANY; a.k.a. BONRAILCO; a.k.a. BONYAD EASTERN RAILWAY; a.k.a. BONYAD EASTERN RAILWAY CO (Arabic: شرکت راه اهن شرقي بنياد سهامي خاص); a.k.a. RAH AHAN SHARGHI CO.), Iran
  • BONYAD SHIPPING AGENCIES COMPANY (a.k.a. BONYAD SHIPPING AGENCIES CO. (Arabic: شرکت نمایندگیهای کشتیرانی بنیاد); a.k.a. BONYAD SHIPPING AGENTS COMPANY; a.k.a. "BOSACO"), Iran 
  • COAL TAR REFINING COMPANY (a.k.a. COAL TAR REFINING CO. (Arabic: شرکت پالایش قطران ذغال سنگ); a.k.a. COKE WASTE WATER REFINING CO.; a.k.a. "C.T.R."; a.k.a. "COAL TAR COMPANY" (Arabic: "پالایش قطران زغالسنگ")), Iran 
  • DAMAVAND MINING (Arabic: معدني دماوند) (a.k.a. DAMAVAND MINING PUBLIC JOINT STOCK COMPANY; a.k.a. "DMC"), Iran 
  • DAY COMPANY (a.k.a. DEY COMPANY (Arabic: شرکت دی); a.k.a. SHERKAT-E DEY), Iran 
  • HEJAB TEXTILE COMPANY (a.k.a. HEJAB TEXTILE CO; a.k.a. SHAHR-E KORD HIJAB TEXTILE COMPANY (Arabic: شرکت نساجی حجاب شهرکرد)), Iran 
  • INTERNATIONAL TRADE AND INDUSTRIAL TECHNOLOGY ITRITEC GMBH (a.k.a. INTERNATIONAL COMPANY FOR INDUSTRIAL AND COMMERCIAL TECHNOLOGY; a.k.a. INTERNATIONAL TRADE AND TECHNOLOGY ITRITEC GMBH; a.k.a. "ITRITEC"; a.k.a. "ITRITEC COMPANY"), Germany 
  • IRAN ELECTRONIC DEVELOPMENT COMPANY (Arabic: شرکت گسترش الکترونیک ایران) (a.k.a. IRAN ELECTRONIC DEVELOPMENT; a.k.a. IRAN ELECTRONIC DEVELOPMENT CO.; a.k.a. "IEDC"), Iran 
  • IRAN TIRE MANUFACTURING COMPANY (Arabic: شرکت تولیدی ایران تایر) (a.k.a. IRAN TIRE CO. (Arabic: شرکت ایران تایر); a.k.a. IRAN TIRE MANUFACTURING CO; a.k.a. "IRAN TIRE"), Iran 
  • ISLAMIC REVOLUTION MOSTAZAFAN FOUNDATION (a.k.a. BONYAD MOSTAZAFAN; a.k.a. BONYAD MOSTAZAFAN ENGHELAB ESLAMI (Arabic: بنیاد مستضعفان انقلاب اسلامی); a.k.a. MOSTASZAFAN FOUNDATION OF ISLAMIC REVOLUTION; a.k.a. MOSTAZAFAN FOUNDATION; a.k.a. THE FOUNDATION OF THE OPPRESSED; a.k.a. "IRMF"; a.k.a. "MJF"), Iran 
  • KAVEH KHOZESTAN ALUMINUM COMPANY (Arabic: شرکت آلومینیوم کاوه خوزستان) (a.k.a. KALCO ALUMINUM COMPANY; a.k.a. KAVE KHOZESTAN ALUMINIUM CO.; a.k.a. KAVEH ALUMINUM KHUZESTAN; a.k.a. KAVEH KHOZESTAN ALUMINIUM; a.k.a. KAVEH KHOZESTAN ALUMINIUM COMPANY; a.k.a. KHUZESTAN KAVEH ALUMINUM COMPANY; a.k.a. "KALCO"), Iran
  • KAVEH PARS MINING INDUSTRIES DEVELOPMENT COMPANY (Arabic: شرکت گسترش صنایع معدنی کاوه پارس) (a.k.a. GHOSTARESHE SANAYIE MADANI KAWEH PARS; a.k.a. KAVEH-PARS MINING INDUSTRIES DEVELOPMENT COMPANY; a.k.a. SHERKATE SANAYE MADANIYE KAVEH PARS; a.k.a. "KAVEH PARS"; a.k.a. "KMID"), Iran 
  • KAVEH SHARGH STEEL CO. (Arabic: شرکت فولاد شرق کاوه) (a.k.a. KAVEH EAST STEEL COMPANY; a.k.a. KAVEH SHARGH STEEL COMPANY), Iran 
  • MELLI SAKHTEMAN COMPANY (a.k.a. MELLI SAKHTEMAN CO.; a.k.a. SHERKAT-E MELLI-YE SAKHTEMAN (Arabic: شرکت ملي ساختمان); a.k.a. "NATIONAL BUILDING COMPANY"), Iran
  • NORTH DRILLING COMPANY (a.k.a. NORTH DRILLING CO (Arabic: شرکت حفاری شمال); a.k.a. NORTH DRILLING PUBLIC JOINT STOCK COMPANY; a.k.a. "NDCO"), Iran
  • NORTH WOOD INDUSTRY COMPANY (Arabic: شرکت صنعت چوب شمال) (a.k.a. CHOUBE SHOMAL COMPANY; a.k.a. NORTH WOOD INDUSTRY CO.; a.k.a. SANATE CHOUBE SHOMAL COMPANY; a.k.a. SHERKATE CHOOBE SHOMAAL), Iran
  • OMRAN VA MASKAN IRAN COMPANY (Arabic: شرکت عمران و مسکن ایران) (a.k.a. BONYAD MOSTAZAFAN CONSTRUCTION AND HOUSING (Arabic: عمران و مسکن بنیاد مستضعفان); a.k.a. SHERAKATE OMRAN VA MASKAN IRAN (Arabic: هلدینگ عمران و مسکن ایران); a.k.a. SHERKAT-E MADAR-E TAKHASSOSI-YE OMRAN VA MASKAN-E IRAN), Iran
  • PARS ENERGY-GOSTAR DRILLING AND EXPLORATION (a.k.a. PARS ENERGY DEVELOPMENT; a.k.a. PARS ENERGY GOSTAR CO.; a.k.a. PARS ENERGY GOSTAR DRILLING AND EXPLORATION (Arabic: شرکت حفاری و اکتشاف انرژی گستر پارس); a.k.a. "PEDEX"), Iran 
  • PARS SARRALLE COMPANY (a.k.a. PARS SARRALLE; a.k.a. PARS SARRALLE EQUIPMENT INDUSTRIES COMPANY (Arabic: شرکت صنایع تجهیزات پارس سارایه); a.k.a. SARRAYEH PARS EQUIPMENT INDUSTRIES COMPANY), Iran 
  • PARS TILE COMPANY (Arabic: شرکت کاشی پارس), Iran 
  • PARSIAN TOURISM AND RECREATIONAL CENTERS COMPANY (Arabic: شرکت سیاحتی و مراکز تفریحی پارسیان) (a.k.a. BONYAD TOURISM AND RECREATIONAL CENTERS HOLDING COMPANY; a.k.a. PARSIAN TOURISM, RECREATIONAL CENTERS, AND TRANSPORTATION HOLDING COMPANY (Arabic: هلدینگ سیاحتی، مراکز تفریحی و حمل و نقل پارسیان); a.k.a. SHERKATE SIAAHATI VA HAML-O-NAQLE PAARSIAN), Iran 
  • PAYA SAMAN PARS (Arabic: پایا سامان پارس) (a.k.a. PAYA SAMAN PARS COMPANY (Arabic: شرکت پایا سامان پارس)), Iran
  • PAYANDAN COMPANY (a.k.a. PAYANDAN (Arabic: پایندان); a.k.a. PAYANDAN CO.), Iran 
  • PEYVAND TEJARAT ATIEH IRANIAN COMPANY (a.k.a. PEYVAND TEJARAT ATIYEH IRANIAN COMPANY (Arabic: شرکت پیوند تجارت آتیه ایرانیان)), Iran 
  • PISHGAMAN HORIZON DEVELOPMENT IRANIAN BUSINESS TRADING COMPANY (Arabic: شرکت بازرگاني پيشگامان گسترش افق تجارت ايرانيان) (a.k.a. BAZARGANI PISHGAMAN GOSTARESH OFOQ TEJARAT IRANIAN COMPANY; a.k.a. IRANIAN TEJARAT OFOG PISHGAMAN BAZARGANI COMPANY; a.k.a. IRANIAN TRADE HORIZON PIONEERS COMMERCIAL COMPANY; a.k.a. PISHGAMAN HORIZON DEVELOPMENT GOSTARESH OFOQ IRANIAN BUSINESS TRADING COMPANY; a.k.a. "PISHGAMAN COMPANY"), Iran 
  • PISHRO IRAN FINANCIAL AND INVESTMENT COMPANY (a.k.a. PISHRO IRAN CO.; a.k.a. PISHRO IRAN COMPANY; a.k.a. PISHRO IRAN FINANCIAL AND INVESTMENT CO. PJS; a.k.a. SHERKAT MALI OOSARMAYEH GOZARI PISHROOIRAN (Arabic: شرکت مالی و سرمایه گذاری پیشرو ایران)), Iran
  • RAH NEGAR PARS MIDDLE EAST COMPANY (a.k.a. RAHNEGAR KHAVARMIYANEH PARS COMPANY (Arabic: شرکت ره نگار خوار میانه پارس); a.k.a. RAHNEGAR MIDDLE EAST PARS COMPANY), Iran
  • RAMAN COMPANY (Arabic: شرکت رامان) (a.k.a. RAMAN CO.), Iran 
  • SANATI DOODEH FAM CO. (Arabic: شرکت صنعتی دوده فام) (a.k.a. DOUDEFAM INDUSTRIES SADAF COMPANY; a.k.a. DUDEH FAM INDUSTRIAL; a.k.a. FAM INDUSTRIEL SOOT CO.; a.k.a. SANATI DOODEH FAAM COMPANY; a.k.a. SHERKATE DOODEH FAAM-E SADAF; a.k.a. "SADAF"; a.k.a. "SADAF CO."; a.k.a. "SADAF COMPANY"; a.k.a. "SADAFCO"), Iran
  • SELKBAF CO (a.k.a. RISANDEGI VA BAFANDEGIE SELK BAF; a.k.a. SELK BAF SPINNING AND WEAVING FACTORIES PRODUCTION COMPANY (Arabic: شرکت تولیدی کارخانجات ریسندگی و بافندگی سلک باف); a.k.a. SELKBAF; a.k.a. SELKBAF SPINNING AND WEAVING FACTORIES), Iran
  • SHISHEH VA GAS INDUSTRIES GROUP (Arabic: گروه صنایع شیشه و گاز) (a.k.a. "GAS AND GLASS"; a.k.a. "GAS AND GLASS COMPANY"; a.k.a. "GLASS AND GAS CO."; a.k.a. "SHOGA"; a.k.a. "THE GLASS AND GAS FACTORY"), Iran 
  • SINA CURRENCY EXCHANGE COMPANY (a.k.a. SHERKAT-E SARRAFI SINA (Arabic: شرکت صرافی سینا)), Iran 
  • SINA ENERGY DEVELOPMENT COMPANY (a.k.a. ENERGY GOSTAR SINA COMPANY (Arabic: شرکت انرژی گستر سینا); a.k.a. SINA ENERGY DEVELOPMENT; a.k.a. SINA ENERGY DEVELOPMENT CO.; a.k.a. "SEDCO"), Iran 
  • SINA FINANCIAL AND INVESTMENT HOLDING COMPANY (Arabic: شرکت مادر تخصصی مالی و سرمایه گذاری سینا) (a.k.a. SINA FINANCIAL & INVESTMENT HOLDING CO.; a.k.a. SINA FINANCIAL AND INVESTMENT HOLDING CO.; a.k.a. SINA INVESTMENT MANAGEMENT CO.; a.k.a. "SFI"), Iran
  • SINA PAYA SANAT DEVELOPMENT CO. (Arabic: شرکت گسترش پایا صنعت سینا) (a.k.a. BONYAD IMPORT AND EXPORT CO; a.k.a. GOSTARESH PAYA SANAT SINA; a.k.a. GOSTARESH PAYASANAT SINA HOLDING; a.k.a. PAYA SANAT SINA; a.k.a. SINA PAYA SANAT DEVELOPMENT COMPANY PJS; a.k.a. SINA PAYA SANAT GOSTARESH CO.; a.k.a. SINA SANAT PAYA DEVELOPMENT COMPANY; a.k.a. "SINAPAD"), Iran 
  • SINA PORT AND MARINE SERVICES DEVELOPMENT COMPANY (a.k.a. SINA PORT AND MARINE COMPANY (Arabic: شرکت توسعه خدمات دریائی و بندری سینا); a.k.a. SINA PORT AND MARITIME COMPANY; a.k.a. "SPM CO."; a.k.a. "SPMCO"), Iran
  • SINA RAIL PARS COMPANY (a.k.a. PARS RAIL SINA TRANSPORTATION COMPANY (Arabic: شرکت حمل و نقل سينا ريل پارس سهامي خاص); a.k.a. SINA RAIL PARS; a.k.a. SINA RAIL PARS CO), Iran 
  • SINA TILE AND CERAMIC INDUSTRIES COMPANY (Arabic: شرکت صنایع کاشی و سرامیک سینا) (a.k.a. SINA TILES AND CERAMIC INDUSTRIAL GROUP), Iran 
  • SOMIC ENGINEERING AND MANAGEMENT CO (Arabic: شرکت مهندسی و مديريت فناوران ساميک) (a.k.a. FANAVARAN SOMIC ENGINEERING AND MANAGEMENT CO; a.k.a. SOMIC ENGINEERING AND MANAGEMENT COMPANY; a.k.a. SOMIC MANAGEMENT AND ENGINEERING TECHNICIANS; a.k.a. "SOMIC"; a.k.a. "SOMIC COMPANY"), Iran
  • TABCHEM CHEMICAL INDUSTRIES CO. (Arabic: شرکت صنایع شیمیایی تابکم) (a.k.a. TABCHEM CHEMICAL INDUSTRIES COMPANY PRIVATE COMPANY), Iran 
  • TALOON COMPANY (a.k.a. TALLON COMPANY; a.k.a. TALOON CO. (Arabic: شرکت تالون)), Iran
  • TEHRAN CEMENT COMPANY (a.k.a. TEHRAN CEMENT (Arabic: سيمان تهران); a.k.a. TEHRAN CEMENT PUBLIC JOINT STOCK COMPANY), Iran
  • TEHRAN INTERNATIONAL TRANSPORT CO (a.k.a. TARABARI BEYNOLMELALI TEHRAN (Arabic: شرکت ترابری بین المللی تهران); a.k.a. TEHRAN INTERNATIONAL TRANSPORT COMPANY), Iran
  • TURIRA COMPANY (a.k.a. TURIRA ENDUSTRIYEL URUNLER VE TICARET LIMITED SIRKETI; a.k.a. TURIRA INDUSTRIAL PRODUCTS AND TRADE LIMITED COMPANY; a.k.a. TURIRA SANAYI VE TICARET LIMITED SIRKETI ANA SOZLESMESI; a.k.a. TURRIRA COMPANY), Turkey 

The following vessel has been added to OFAC's SDN List:

  • BOSCO GILAN (EPAE3) General Cargo Iran flag; Vessel Registration Identification IMO 9188752

For more information, please contact:

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