Learn more

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has imposed sanctions on a procurement network for facilitating the illegal export of goods and technologies to Iran, according to the U.S. Department of the Treasury website. The “blacklist” includes, in particular, two individuals from Iran and one individual from the United Arab Emirates (UAE). Additionally, sanctions have been imposed on companies in Iran, the UAE, and Turkey associated with the Central Bank of Iran. According to the U.S. agency, a procurement network is responsible for facilitating…

cuu