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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.