Current:Home > NewsU.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules-InfoLens
U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules
View Date:2024-12-23 11:48:03
WASHINGTON (AP) — The U.S. on Wednesday imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkey — for allegedly helping to export goods and technology purchased from U.S. companies to Iran and the nation’s central bank.
Treasury’s Office of Foreign Assets Control said the procurement network transferred U.S. technology for use by Iran’s Central Bank in violation of U.S. export restrictions and sanctions.
Some of the materials acquired by the Central Bank of Iran were items classified as “information security items subject to national security and anti-terrorism controls” by the Commerce Department, Treasury says.
Included in the sanctions package is Informatics Services Corp., an Iranian subsidiary of Iran’s Central Bank that most recently developed the Central Bank Digital Currency platform for the bank; a UAE-based front company, which acquired U.S. tech for the Central Bank of Iran and the front company’s CEO, as well as a Turkey-based affiliate firm that also made purchases that ended up in Iran.
“The Central Bank of Iran has played a critical role in providing financial support to” Iran’s Islamic Revolutionary Guard and militant group Hezbollah, said Treasury Under Secretary Brian E. Nelson, adding that they are the “two key actors intent on further destabilizing the Middle East.”
“The United States will continue to use all available means to disrupt the Iranian regime’s illicit attempts to procure sensitive U.S. technology and critical inputs,” he said.
The sanctions block access to U.S. property and bank accounts and prevent the targeted people and companies from doing business with Americans.
veryGood! (65)
Related
- Vogue Model Dynus Saxon Charged With Murder After Stabbing Attack
- Emmy Awards 2023 Reveal New Date After September Postponement
- Sydney Sweeney says political photos from mom's party sparked 'so many misinterpretations'
- Mic thrown by Cardi B at fan sells for nearly $100,000 at auction
- Ariana Grande Shares Dad's Emotional Reaction to Using His Last Name in Wicked Credits
- Report: Few PGA Tour-LIV Golf details in sparsely attended meeting with Jay Monahan
- 3 hikers found dead after not returning from one of the narrowest ridge crests in Britain
- Milwaukee Residents Fear More Flooding Due to Planned I-94 Expansion
- Joey Graziadei Details Why Kelsey Anderson Took a Break From Social Media
- He worried about providing for his family when he went blind. Now he's got a whole new career.
Ranking
- Joan says 'Yes!' to 'Golden Bachelorette' finale fantasy beach proposal. Who did she pick?
- Transform Your Plain Electronic Devices with These Cute Tech Accessories from Amazon
- New southern Wisconsin 353 area code goes into effect in September
- Child wounded when shots fired into home; 3rd shooting of a child in St. Louis area since Monday
- Engines on 1.4 million Honda vehicles might fail, so US regulators open an investigation
- Anti-corruption presidential candidate assassinated at campaign event in Ecuador’s capital
- NFL preseason games Thursday: Times, TV, live stream, matchup analysis
- ESPN to launch new sports betting platform
Recommendation
-
Sting Says Sean Diddy Combs Allegations Don't Taint His Song
-
After Ohio Issue 1's defeat, focus turns to abortion rights amendment on November ballot
-
U.S. closes Haiti embassy amid rapid gunfire after Haitians march to demand security
-
Monitoring Air Quality as a Lesson in Climate Change, Civic Engagement and Latino Community Leadership
-
Olympic Skier Lindsey Vonn Coming Out of Retirement at 40
-
Weird Barbie makes Mattel debut as doll that's been played with just a little too much
-
Michigan mom is charged with buying guns for son who threatened top Democrats, prosecutors say
-
Botched's Terry Dubrow Says Wife Heather Saved His Life During Medical Emergency