United States Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on Wednesday that it imposed sanctions on three individuals and four entities related to smuggling US technology to the Central Bank of Iran which has allegedly supported the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hezbollah.
The Treasury said in a statement that entities and people were involved in delivering "sophisticated US technology" to the CBI violating national "export restrictions and sanctions," such as objects "classified as information security items subject to national security and anti-terrorism controls."
"The Central Bank of Iran has played a critical role in providing financial support to the IRGC-QF and Hezbollah, two key actors intent on further destabilizing the Middle East," Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson noted.
