The Office of Foreign Assets Control (“OFAC”) recently announced new sanctions on entities and individuals in Iran and Mexico. These sanctions were designated against individuals associated with Iran’s Islamic Revolutionary Guards Corps (“the Quds Force”), Iranian entities involved in hacking against American financial institutions in 2011 and 2012, and Mexican businesses and individuals associated with drug trafficking.
The sanctions designated eleven (11) entities and individuals for engaging in activities related to Iran’s ballistic missile program and a computer security company responsible for cyber-attacks against at least nine (9) large U.S. financial institutions. These entities include Dart Airlines, Khors Aircompany, and Sadid Caran Saba Engineering Company (SABA).
The sanctions come as the decision about whether to recertify to Congress that Iran is in compliance with the Joint Comprehensive Plan of Action (JCPOA) approaches in October. Last week, the Trump administration agreed to waive some sanctions as a holding action until it makes their JCPOA decision.
OFAC also designated sanctions against businesses and individuals in Guadalajara, Mexico linked to the Cartel de Jalisco Nueva Generacion and drug trafficking organizations.
For the list of sanctioned individuals, click here.