The US government recently imposed sanctions on three individuals and four companies accused of acquiring American goods and technology for the Central Bank of Iran (CBI) and its subsidiary, Information Services Corporation (ISC). The move is part of a broader effort to limit the Iranian regime’s access to U.S. technology and financial resources.
The sanctions target ISC, a subsidiary of CBI, which has been designated by the United States since September 2019 for funding Iran’s Islamic Revolutionary Guards Corps (IRGC). According to the U.S. State Department, CBI has played a crucial role in providing financial and technological support to both the IRGC and Hezbollah, which are designated as foreign terrorist organizations.
The newly sanctioned entities include Advance Banking Solution, based in the United Arab Emirates (UAE), which the U.S. claims served as a front company for ISC, procuring U.S. goods and technology through misrepresentation of the intended end users.
Another UAE-based company, Freedom Star General Trading, has been accused of facilitating shipments of goods from the UAE to CBI in Iran.
Additionally, Ted Teknoloji Gelistirme Hizmetleri Sanayi Ticaret Anonim, based in Turkey, has been sanctioned for serving as ISC’s representative and participating in its procurement network.
Individuals targeted by the sanctions include ISC CEO Seyed Abotaleb Najafi, Freedom Star President Mohammad Reza Khademi, and ISC employee Pouria Mirdamadi.
The imposed sanctions aim to block the designated individuals and entities from accessing U.S. property and the American financial market, while prohibiting U.S. citizens from conducting business with them.
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