OFAC Adds 10 IRISL-Affiliated Shipping Cos & Individual to SDN List
On December 20, 2011, the Treasury Department announced the designation of ten shipping and front companies based in Malta and one individual, which are affiliated with the Islamic Republic of Iran Shipping Lines (IRISL), an entity facing international sanctions for its involvement in Iran’s efforts to advance its missile programs and transport military cargoes. Treasury states that the action is being taken as IRISL and its subsidiaries have increasingly relied upon multiple front companies and agents to overcome the impact of U.S. and international sanctions and increased scrutiny of their behavior.
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As a result, Treasury’s Office of Foreign Assets Control has added the following IRISL-affiliated entities and individual to its Specially Designated Nationals List:
IRISL-affiliated entities:
- BIIS MARITIME LIMITED (Malta) [NPWMD]
- ISIM AMIN LIMITED (Malta) [NPWMD]
- ISIM ATR LIMITED (Malta) [NPWMD]
- ISIM OLIVE LIMITED (Malta) [NPWMD]
- ISIM SAT LIMITED (Malta) [NPWMD]
- ISIM SEA CHARIOT LIMITED (Malta) [NPWMD]
- ISIM SEA CRESCENT LIMITED (Malta) [NPWMD]
- ISIM SININ LIMITED (Malta) [NPWMD]
- ISIM TAJ MAHAL LIMITED (Malta) [NPWMD]
- ISIM TOUR LIMITED (Malta) [NPWMD]
IRISL-affiliated entity: KHALILI, Jamshid (Iran) [NPWMD]
OFAC announcement, dated 12/20/11, available here. Subsequent Federal Register notice (01/17/12) on these additions available here.