OFAC sanctions Iranian organizations and individuals

On Wednesday, the Department of the Treasury announced that OFAC has designated an Iran-based entity that organizes international conferences that supported the Islamic Revolutionary Guard Corps-Qods Force’s (IRGC-QF’s) efforts to recruit and collect intelligence from foreign attendees, including U.S. persons, and four associated individuals. OFAC also designated a separate Iran-based entity and six associated individuals involved in the targeting of current and former U.S. government and military personnel as part of a malicious cyber campaign to gain access to and implant malware on their computer systems.

As a result of today’s action, all property and interests in property of these individuals and entities that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. OFAC’s regulations generally prohibit all dealings by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked or designated persons. In addition, persons that engage in certain transactions with the individuals and entities designated today may themselves be exposed to designation.

For identifying information on the targeted individuals and entities, see our OFAC Update.