Iranian Entity: Modern Industries Technique Company

Arak, Iran

Responsible for design and construction of the IR-40 heavy water reactor in Arak; spearheaded procurement for construction of the IR-40 reactor; listed in an annex to U.N. Security Council Resolution 1929 of June 9, 2010, as an entity involved in Iran's nuclear or ballistic missile activities; with some exceptions, the designation requires states to freeze financial assets on their territories which are owned or controlled by the entity, by its agents, by entities it owns or controls, or by entities determined by the Security Council to have assisted the designated entity in evading sanctions; the designation also requires states to ensure that any 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 listed entity.