Some items acquired by Iran’s Central Bank were classified as “information security items subject to national security and anti-terrorism controls” by the Commerce Department….reports Asian Lite News
The United States has imposed sanctions on individuals and companies from Iran, the UAE, and Turkey for allegedly aiding in the illicit transfer of U.S. goods and technology to Iran and its central bank.
The Treasury’s Office of Foreign Assets Control accused a procurement network of violating U.S. export restrictions by supplying U.S. technology to Iran’s Central Bank, according to AP report.
Some items acquired by Iran’s Central Bank were classified as “information security items subject to national security and anti-terrorism controls” by the Commerce Department.
Among the sanctioned entities are Informatics Services Corp., an Iranian subsidiary of Iran’s Central Bank, a UAE-based front company, and a Turkey-based affiliate firm.
Treasury Under Secretary Brian E. Nelson stated that Iran’s Central Bank has supported Iran’s Islamic Revolutionary Guard and Hezbollah, aiming to destabilize the Middle East.
The sanctions aim to disrupt Iran’s attempts to acquire sensitive U.S. technology, blocking access to U.S. property and bank accounts, and prohibiting business dealings with Americans.
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