US issues fresh Iran sanctions targeting IRGC’s ‘web of front companies’
The US Treasury Department places sanctions on more companies, officials and individuals affiliated with Iran's Islamic Revolutionary Guards Corps Quds Force and Iran-backed militias in Iraq.
In its latest round of economic penalties targeting Iran, the US government has imposed fresh sanctions on 20 companies, Iranian officials and individuals with ties to the regime’s Islamic Revolutionary Guard Corps (IRGC) and other US-designated terrorist groups.
The US Treasury Department today identified a group of Iran- and Iraq-based targets over their apparent support for the IRGC, its Quds Force foreign arm and Iranian-backed militias in Iraq.
“Iran employs a web of front companies to fund terrorist groups across the region, siphoning resources away from the Iranian people and prioritizing terrorist proxies over the basic needs of its people,” US Treasury Secretary Steven Mnuchin said in a statement today.
The sanctions freeze any US-held assets belonging to the targets and make illegal any transactions between them and American entities.
