Treasury Sanctions Supporters of Iran's Ballistic Missile Program and Iran's Islamic Revolutionary Guard Corps – Qods Force

February 3, 2017

Publication: 

U.S. Department of the Treasury Press Release

The U.S. Treasury Department imposed sanctions on multiple entities in response to Iran’s ballistic missile program, support for terrorism, and destabilizing activities in the region. The Office of Foreign Assets Control (OFAC) identified three ballistic-missile procurement networks: one operating between Iran and China run by Abdollah Asgharazadeh; a Gulf-based network run by Kambiz Rostamian; and an Iran-based network centered around Mabrooka Trading that sought carbon fiber and laboratory equipment for Navid Composite, a subsidiary of U.N.-sanctioned Sanam Industrial Group. OFAC also designated an IRGC support network in Lebanon that is working with Hizbollah.