Iranian Entity: Cruise Missile Industry Group

Develops and produces cruise missiles, and is responsible for naval missiles; listed in an annex to U.N. Security Council resolution 1747 of March 24, 2007, as an entity involved in Iran's nuclear or ballistic missile activities; with some exceptions, the designation requires states to freeze the financial assets on their territories which are owned or controlled by the entity, by its agents, or by entities it controls; the designation also requires states to ensure that funds, financial assets or economic resources are prevented from being made available by their nationals or by any persons or entities within their territories, to or for the benefit of the entity; listed by the British government in 2010 as an entity of potential concern for WMD-related procurement; listed by the Japanese government in 2010 as an entity of concern for proliferation related to missiles; owned or controlled by Aerospace Industries Organization (AIO - see separate entity record); headed by Mohammad Reza Movasaghnia (see separate entity record).