OFAC: More Iran Missile & Drone Sanctions

Posted 10/18/23

In a move aimed at curbing Iran's ballistic missile and unmanned aerial vehicle (UAV) programs, the U.S. Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on 11 individuals, eight entities, and one vessel spread across Iran, Hong Kong, the People's Republic of China (PRC), and Venezuela. These entities have allegedly supported Iran's Islamic Revolutionary Guard Corps (IRGC), Ministry of Defense and Armed Forces Logistics (MODAFL), or their subordinates in the development and proliferation of missiles and UAVs.

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