Treasury Department reports OFAC actions

The Department of the Treasury yesterday reported that OFAC had sanctioned two entities and two individuals for their role in developing and procuring components for sensitive navigational systems for the Iranian military. Concurrent with this action, the U.S. Department of State designated one individual and two entities involved in Iranian UAV and missile development.

Treasury also reported that OFAC had designated three individuals and four entities in Bosnia and Herzegovina (BiH) that form part of U.S.-designated Republika Srpska (RS) President Milorad Dodik’s (Dodik) financial network and enable the Dodik family’s continued attempts to evade sanctions. OFAC's action also targets a BiH politician who serves as a key enabler of Dodik’s corruption and destabilizing political agenda. OFAC also designated Viktor Pavlovich Perevalov for operating or having operated in the construction sector of the Russian Federation economy.

For the names and identification information of the designated parties, see yesterday's BankersOnline OFAC Update.