Justice and Treasury target Iranian weapons network

Yesterday, the Department of the Treasury reported that OFAC, in coordination with the U.S. Department of Justice, has targeted a network of six entities and two individuals based in Iran, the United Arab Emirates, and the People’s Republic of China responsible for the procurement of unmanned aerial vehicle (UAV) components on behalf of Iran-based Qods Aviation Industries (QAI)—a leading manufacturer for Iran’s UAV program. This network has also facilitated procurement for other entities in Iran's military-industrial complex.

For a link to identification information on the designated individuals and entities, see yesterday's BankersOnline OFAC Update.