OFAC Sanctions Iranian Tech Company, Issues General License
The Office of Foreign Assets Control last week sanctioned Iranian technology company Arvan Cloud, two of its senior employees and an affiliated business in the United Arab Emirates for helping the Iranian government’s internet censorship. The agency said Arvan Cloud, also known as Navyan Abr Arvan Private Limited Co., is a “key partner” of Iran’s Information and Communications Technology Ministry and was co-founded by Pouya Pirhosseinloo and Farhad Fatemi. Also designated was Dubai-based ArvanCloud Global Technologies, which provides cloud services on behalf of Arvan Cloud.
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OFAC also issued new Iran-related General License P to authorize the wind down of transactions involving Arvan Cloud and ArvanCloud Global Technologies. Transactions described under the license are authorized through 12:01 a.m. EDT on July 6.