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 targets Iranian foundations
Treasury announced yesterday that OFAC has taken action against two organizations controlled by the Supreme Leader of Iran— the Execution of Imam Khomeini’s Order (EIKO) and Astan Quds Razavi (AQR)—along with their leaders and subsidiaries. While purportedly charitable organizations (bonyads), EIKO and AQR control large swaths of the Iranian economy, including assets expropriated from political dissidents and religious minorities, to the benefit of Supreme Leader Ali Khamenei and senior Iranian government officials. Alongside the previously designated Bonyad Mostazafan, itself controlled by the Supreme Leader, and the IRGC-owned Khatam al-Anbiya, AQR and EIKO are said to control more than half of the Iranian economy.
These persons were designated in accordance with Executive Order 13876, which targets the Supreme Leader of the Islamic Republic of Iran and the Iranian Supreme Leader’s Office, as well as their affiliates. For a full list of the designated individuals and entities and their identification information, see BankersOnline's OFAC Update.
OFAC also updated the SDN List entry for MIRJIRASH AL-MUHAMMADAWI, Abd al-Aziz Malluh.