Treasury Blacklists 26 Firms Over Iran Ties

Law360, New York (January 13, 2011, 5:36 PM EST) -- The U.S. Department of the Treasury on Thursday slapped sanctions on 26 companies accused of operating as fronts for firms tied to the development of Iran's missile programs.

The companies designated by Treasury include 20 companies based in Hong Kong, four registered on the Isle of Man and two listing addresses in Iran, according to Treasury officials.

Four of the Hong Kong-based shipping companies — Starry Shine International Ltd., Ideal Success Investments Ltd., Top Glacier Co. Ltd. and Top Prestige Trading Ltd. — are allegedly owned...
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