OFAC targets Iranian LPG magnate

The Treasury Department has reported that OFAC has designated Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh, his son, Meisam Emamjomeh, and their corporate network, which is collectively responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets.

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