Treasury Blocks 37 Companies, 5 Individuals Connected to Iran Shipping Lines
The Treasury Department has announced the designation of 37 front companies based in Germany, Malta, and Cyprus and five Iranian individuals for being owned or controlled by, or acting for or on behalf of, the Islamic Republic of Iran Shipping…
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Lines (IRISL) and its affiliates. This action, taken pursuant to Executive Order (E.O.) 13382, targets IRISL's complex network of shipping and holding companies and executives and further exposes Iran's use of its national maritime carrier to advance its illicit weapons of mass destruction (WMD) program and to carry military cargoes.