U.S. and UK sanction Iran-related targets

The U.S. Department of the Treasury yesterday reported that OFAC, in coordination with the United Kingdom, has taken action against the Deputy Commander of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), Mohammad Reza Falahzadeh, as well as a Houthi group member, Ibrahim al-Nashiri. OFAC has also designated Cap Tees Shipping Co., Limited, the owner and operator of the ARTURA, a vessel used to ship Iranian commodities that were sold to support both the Houthis and the IRGC-QF.

Treasury also reported that OFAC has taken action against two companies registered in Hong Kong and the Marshall Islands — Kohana Company Limited and Iridescent Co Ltd. — that own and operate a vessel, the Panama-flagged KOHANA, shipping over $100 million in Iranian commodities to businesses in the People’s Republic of China on behalf of Iran’s Ministry of Defense and Armed Forces Logistics.

For identification information on the targeted individuals, entities, and vessels, see BankersOnline's February 27, 2024, OFAC Update.