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Designation of Iranian Entities and Individuals for Proliferation Activities

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Designation of Iranian Entities and Individuals for Proliferation Activities

The State Department website reported, “ The U.S. Government is taking actions today to further U.S. efforts to counter Iran’s pursuit of technology that could enable it to develop nuclear weapons and the missiles capable of delivering them. Today, the Departments of State and Treasury designated under Executive Order 13382 six Iranian individuals and five entities of proliferation concern. These actions provide additional information that will help financial institutions in the United States and worldwide protect themselves from deceptive financial practices employed by Iranian entities and individuals engaged in orsupporting proliferation.”

The article added, “ all transactions involving any of the designees and any U.S. person will be prohibited and any assets the designees may have under U.S. jurisdiction will be frozen. Noting the UN Security Council’s grave concern over Iran’s nuclear and ballistic missile program activities, the United States also encourages all jurisdictions to take similar actions to ensure full and effective implementation of UN Security Council Resolutions 1737, 1747, and 1803.”