OFAC Sanctions Entities and Individuals Supporting Iran’s UAV and Military Aircraft Production

On September 27, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) sanctioned five entities and two individuals based in the Islamic Republic of Iran (“Iran”), the People’s Republic of China (“China”), Hong Kong, Türkiye, and the United Arab Emirates (“UAE”) involved in the procurement of sensitive parts for Iran’s one-way … Read more