OFAC Removes Iranian Entity, Subsidiary From SDN List
The Office of Foreign Assets Control on Oct. 8 removed Iran-based Mammut Industrial Group, its subsidiary Mammut Diesel and their aliases from the Specially Designated Nationals List. The entities, which produced and supplied military-grade, dual-use goods for Iran’s missile programs, were sanctioned in September 2020.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The removals don't “reflect any change” in U.S. sanctions policy toward Iran and are unrelated to U.S. efforts to rejoin the Joint Comprehensive Plan of Action (see 2106240044), a Treasury spokesperson said. “The United States will continue to counter Iran’s destabilizing activities,” the spokesperson said, “including through implementation of our sanctions.”