U.S. imposes Iran-related sanctions on UAE-based companies
21 Aug 2020

The United States on Wednesday imposed sanctions on two United Arab Emirates-based companies, the U.S. Treasury Department said, accusing them of providing material support to Iranian airline Mahan Air.

The Treasury in a statement said Parthia Cargo and Delta Parts Supply FZC provided key parts and logistics services for Mahan Air, which is blacklisted under U.S. measures to fight terrorism and proliferators of weapons of mass destruction.

The Treasury also slapped sanctions on Amin Mahdavi, a UAE-based Iranian national, for owning or controlling Parthia Cargo.

The administration of U.S. President Donald Trump plans this week to push for a reimposition of all United Nations sanctions on Iran, after the U.N. Security Council rejected Washington’s earlier bid to extend an arms embargo on the country.

“The Iranian regime uses Mahan Air as a tool to spread its destabilizing agenda around the world, including to the corrupt regimes in Syria and Venezuela,” Treasury Secretary Steven Mnuchin said.

“The United States will continue to take action against those supporting this airline,” he added.

Wednesday’s action freezes any U.S. assets of those blacklisted and generally bars Americans from dealing with them.

The Treasury said services provided by the two blacklisted companies help Mahan Air sustain its fleet and allow it to carry out activities in support of Tehran. These include transporting “terrorists and lethal cargo to Syria” in support of President Bashar al-Assad and recently transporting Iranian technicians and technical equipment to Venezuela, the department said.

Separately, criminal charges were filed against Parthia Cargo and Mahdavi on Monday by the U.S. Attorney’s Office for the District of Columbia. The charges relate to the alleged unlicensed re-export of U.S.-export controlled aircraft parts to Iran, the Treasury said.

By Daphne Psaledakis and Moira Warburton, Reuters, 19 August 2020

Read more at Reuters

RiskScreen: Eliminating Financial Crime with Smart Technology

Advance your CPD minutes for this content, by signing up and using the CPD Wallet

FREE CPD Wallet