Late last month, OFAC and BIS took action against Al-Naser Airlines of Iraq. BIS added the airline to an existing Temporary Denial Order (TDO) against Iranian airline Mahan Air. According to the TDO, BIS determined that Al-Naser Airlines was seeking to acquire at least two Airbus aircraft on behalf of Mahan Air. BIS issues TDOs denying export privileges to prevent ongoing or imminent export control violations. In parallel to the BIS action, OFAC added Al-Naser Airlines to its SDN List, under the “Specially Designated Global Terrorist” and “Iranian Financial Sanctions Regulations” programs.

For additional information, see the BIS press release and the OFAC announcement.