OFAC Adds Mahan Air to its SDN List
The Office of Foreign Assets Control has added Mahan Air (aka Mahan Air Co.) of Tehran, Iran to its list of Specially Designated Nationals. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.
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Subsequent Federal Register (10/18/11) publication of OFAC action available here.