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December 21, 2012

Non-proliferation Designations; Iranian Financial Sanctions Regulations Identifications

Treasury has designated four companies and one individual pursuant to Executive Order (E.O.) 13382, which targets proliferators of weapons of mass destruction (WMD) and their supporters. The SAD Import Export Company, Chemical Industries and Development of Materials Group, and Marine Industries Organization were designated for their ties to Iranís Defense Industries Organization (DIO) or Iranís Ministry of Defense and Armed Forces Logistics (MODAFL).† Mustafa Esbati, the director of Marine Industries Organization, was also designated today. †In addition, Doostan International Company was designated for its support to Iranís Aerospace Industries Organization (AIO) which was identified as a WMD proliferator by the President in the Annex to E.O. 13382.† The United Nations Sanctions Committee also designated the SAD Import Export Company yesterday under the U.N. asset freeze authority of Security Council Resolution 1737 dealing with Iran.††

These designations generally prohibit transactions between the named entities and any U.S. person, and freeze any assets the designees may have under U.S. jurisdiction. The designations of these entities and individual under E.O. 13382 also carry consequences under the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA).† As of todayís actions, foreign financial institutions that facilitate significant transactions or provide significant financial services for the sanctioned entities and individual can face the loss of their access to the U.S. financial system.†

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

ESBATI, Mostafa; DOB 17 Jul 1961; Passport D9004869 (Iran) (individual) [NPWMD] [IFSR].

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

CHEMICAL INDUSTRIES & DEVELOPMENT OF MATERIALS GROUP (a.k.a. CHEMICAL GROUP; a.k.a. CHEMICAL INDUSTRIES GROUP; a.k.a. CIDMG), P.O. Box 19585/311, Tehran, Iran, Tehran, Iran; Pasdaran Street, Tehran† 19585311, Iran; Khavarah Road Km 35, Parchin, Iran; Zarrin Shah, P.O. Box 81465-363, Esfahan, Iran; P.O. Box 16765-368, Department 146-42, Parchin, Iran [NPWMD] [IFSR] (Linked To: DEFENSE INDUSTRIES ORGANIZATION).

DOOSTAN INTERNATIONAL COMPANY, 16 (former 14) Fajr Street, Ostad Motahari Avenue, Tehran† 15875-4649, Iran [NPWMD] [IFSR].

MARINE INDUSTRIES ORGANIZATION, Pasdaran Av., PO Box 19585/777, Tehran, Iran [NPWMD] [IFSR].

SAD IMPORT EXPORT COMPANY, Haftom Tir Square, South Mofteh Ave., PO Box 1584864813, Tehran, Iran [NPWMD] [IFSR].

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