The IRGC, MODAFL, and other malign actors in Iran continue to exploit the international financial system to evade sanctions, while the regime funds terrorism and other destabilizing activities across the region.
Central to this network and sanctioned today pursuant to our counterterrorism authority is Iran's IRGC-controlled Ansar Bank and its currency exchange arm, Ansar Exchange, both of which used layers of intermediary entities to exchange devalued Iranian rial ultimately for dollars and euros to line the pockets of the IRGC and MODAFL. This vast network is just the latest example of the Iranian regimes use of deceptive practices to exploit the global financial system and divert resources to sanctioned entities, said Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker.
Forces Logistics (MODAFL
) and the Iran Aircraft Manufacturing Industrial
20239) Sinyong Defense and missile Corporation# Armed Forces proliferation; Logistics contribution to (MODAFL
) (Iran) MTCR nonadherent --Aerospace ([section]) Industries 73(a)(2)(B), Organization (C), AECA (AIO) (Iran); ([section]) --Shahid Hemmat IIB(b)(I)(B)(ii), Industrial Group (iii), EAA (SHIG) (Iran) --SANAM Industrial Group (Iran) (Determination was made for an unnamed entity April 7, 2000) January 2, 2001 --Changgwang Iranian WMD proliferation (66 F.R.
The designations focus on entities and individuals supporting previously designated entities within Iran s proliferation network as well as Iran s Islamic Revolutionary Guard Corps (IRGC), Naftiran Intertrade Company (NICO), and Iran s Ministry of Defense for Armed Forces Logistics (MODAFL
13382 for providing support for Iran s Ministry of Defense and Armed Forces Logistics (MODAFL
) subsidiary Iran Electronics Industries (IEI).
Bank Tejarat was designated pursuant to Executive Order (E.O.) 13382 (Blocking Property of WMD Proliferators and Their Supporters) for providing financial services to Bank Mellat, the Export Development Bank of Iran (EDBI), the Islamic Republic of Iran Shipping Lines (IRISL), and the Ministry of Defense for Armed Forces Logistics (MODAFL
), all of which were previously designated by the the Treasury Department or the Department of State for their involvement in Iran's WMD proliferation activities.