Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OFAC sanctions suppliers for Iranian military firm
OFAC has designated a network of six companies and four individuals that facilitated the procurement of sensitive goods, including U.S.-origin electronic components, for Iran Communication Industries (ICI), an Iranian military firm designated by the United States in 2008 and by the European Union in 2010 for being owned or controlled by Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), the overall manager and coordinator of Iran’s ballistic missile program.
This action was taken in accordance with Executive Order 13382, an authority aimed at freezing the assets of proliferators of weapons of mass destruction and their supporters. Concurrent with Treasury’s designations, the U.S. Attorney’s Office for the District of Columbia is filing charges by criminal complaint against two of the entities (DES International Co. and Soltech Industry Co., Ltd.) and one of the individuals (Chin Hua Huang) designated today.
Identification information for the designated individuals and entities can be found in BankersOnline's OFAC Update.
- Treasury Department press release