Tag Archives | Office of Foreign Assets Control (OFAC)

US adds Iraqi Entities to Sanctions List

By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated critical nodes of a key financial facilitation network of the Islamic State of Iraq and Syria (ISIS), which included four individuals and two entities in Türkiye, who have enabled the terrorist group's recruitment and financial transfers to and from […]

US Removes some Iraqi Entities from Sanctions List

By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has deleted the following Iraq-related entities from its Specially Designated Nationals (SDN) list: MIDCO FINANCE S.A. (a.k.a. MIDCO FINANCIAL S.A.; a.k.a. MONTANA MANAGEMENT INC.), 57 Rue du Rhone, Geneva CH-1204, Switzerland; Panama; US FEIN CH-660-0-469-982-0 (United States); Switzerland [IRAQ2]. MIDCO […]

US Sanctions Iraqi Militia Leader

By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Iraqi Popular Mobilization Committee (PMC) Chairman and former National Security Advisor Falih al-Fayyadh for what it says is his connection to serious human rights abuse. In response, the Iraqi Foreign Ministry has expressed its surprise on the decision, and […]

US Sanctions Iranian Ambassador to Iraq

From US Dept of the Treasury: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is designating Iraj Masjedi (pictured), a general in Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Iran's Ambassador to Iraq, for acting for or on behalf of the IRGC-QF. A close adviser to former IRGC-QF Commander Qassem […]

US Treasury Dept Designates Iraqi National

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated dual Iranian and Iraqi national Amir Dianat, a longtime associate of senior officials of Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). Dianat, who is also known as Ameer Abdulazeez Jaafar Almthaje, is involved in IRGC-QF efforts to generate revenue and smuggle […]

More Iraqi Companies Sanctioned by US

US Treasury Designates Vast Network of IRGC-QF Officials and Front Companies in Iraq, Iran The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated 20 Iran- and Iraq-based front companies, senior officials, and business associates that provide support to or act for or on behalf of the Islamic Revolutionary Guards Corps-Qods […]

US Sanctions Militia Leaders in Iraq

Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in Iraq Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant […]

Sanctioned Russian Firm may Develop Iraq's Block 17

By John Lee. Russia's Stroytransgaz has signed a preliminary contract for the exploration, development and production of Block 17, in Anbar province. At a signing ceremony in Wednesday, Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban said that preliminary studies and information indicate the existence of oil reserves ranging between 2 […]

US Sanctions Four Iraqis

On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two militia figures, Rayan al-Kildani and Waad Qado, and two former Iraqi governors, Nawfal Hammadi al-Sultan and Ahmed al-Jubouri, pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators […]

US imposes Sanctions on Iraq-based affiliate of IRGC

By John Lee. The United States has imposed sanctions on an Iraqi company, South Wealth Resources Company (SWRC), which it is says is an Iraq-based affiliate of Iran's Islamic Revolutionary Guard Corps (IRGC). The full text of the Treasury Department's statement is shown below: Today [Wednesday 13th June], the U.S. Department of the Treasury’s Office […]

US Sanctions Radical Militia Group

By John Lee. The United States Treasury Department has sanctioned Harakat Hezbollah al Nujaba, a radical Muslim militia group of about 10,000 fighters, as well as its leader Akram Kaabi. The full statement from the​ Office of Foreign Assets Control (OFAC)  can be read here. (Source: US Treasury Department)

US Sanctions Key Hizballah, IRGC-QF Networks in Iraq

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today to target four Hizballah-affiliated individuals who lead and coordinate the group’s operational, intelligence, and financial activities in Iraq. Specifically, OFAC designated Shibl Muhsin ‘Ubayd Al-Zaydi, Yusuf Hashim, Adnan Hussein Kawtharani, and Muhammad ‘Abd-Al-Hadi Farhat as Specially Designated Global Terrorists (SDGTs) […]