U.S. sanctions Iranian central bank subsidiary over U.S. technology purchases, export rule violations

WASHINGTON: The United States on Wednesday imposed sanctions on three people and four companies in Iran, the United Arab Emirates and Turkey for allegedly helping export goods and technology purchased from American companies to Iran and the country’s central bank.

The U.S. Treasury Department’s Office of Foreign Assets Control said the procurement network violated U.S. export restrictions and sanctions by transferring U.S. technology to Iran’s central bank for use.

The Treasury Department said some of the materials obtained by Iran’s central bank were classified by the Commerce Department as “information security projects subject to national security and counterterrorism controls.”

Included in the sanctions package is Informatics Services Corp., an Iranian subsidiary of the Central Bank of Iran, which recently developed a central bank digital currency platform for the bank; a UAE-based front company that serves the Central Bank of Iran and the front company’s CEO U.S. technology was acquired, along with a Turkey-based subsidiary whose purchases also ended up in Iran.

“Iran’s Central Bank has played a key role in providing financial support to Iran’s Islamic Revolutionary Guard Corps and the militant group Hezbollah,” U.S. Treasury Undersecretary Brian Nelson said, adding that they were “intended to further destabilize the Middle East.” two key actors”. East. “

“The United States will continue to use all available means to thwart the Iranian regime’s illegal attempts to obtain sensitive U.S. technology and critical inputs,” he said.

Sanctions block access to U.S. property and bank accounts and prevent targeted individuals and companies from doing business with Americans.

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(This story has not been edited by News18 staff and is published from Yonhap News Agency-The Associated Press)