The United States Department of the Treasury on Sept. 17 sanctioned several Chinese entities and individuals based in China for financing Iran-related terrorist activities. The Office of Foreign Assets Control (OFAC) of the Treasury Department posted on its website Friday that it is imposing sanctions on members of the networks that finance terrorist organization Hezbollah in Lebanon and Kuwait. In addition, the United States has sanctioned members of international financial facilitators and front company networks that provide financial support to Hezbollah and Iran. Several of the sanctioned companies are based in Hong Kong, including PCA Xiang Gang Limited; Damineh Optic Limited; China 49 Group Co. Limited; Taiwan Be Charm Trading Co., Limited; and Black Drop Intl Co., Limited. These companies are directly or indirectly owned, controlled, or directed by Morteza Minaye Hashemi, an Iranian businessman living in China who’s also on the sanction list. Hashemi is accused of funding Islamic Revolutionary Guard Corps-Quds …
US Sanctions Iran Hezbollah Linked Chinese Companies
September 18, 2021
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ChinaDepartment of the TreasuryHezbollahInternational RelationsIranIRGC-QFMiddle EastsanctionsUSUS-China relationsWorld
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