4 Iranian Cos. Sanctioned For Work With Weapons Programs

Law360, New York (December 21, 2012, 4:32 PM EST) -- The U.S. government on Friday handed out sanctions to a quartet of Iranian companies that purportedly maintained ties with the country’s nuclear and other weapons programs, including one that allegedly shipped weapons components to Syria.

The U.S. Department of the Treasury said it has designated four companies as well as one of these entities’ executives under Executive Order 13382. Such designations prohibit transactions between the parties and the U.S. and freeze those designee assets under U.S. jurisdiction.

“As of today’s actions, foreign financial institutions that facilitate...
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.