Hong Kong; Hong Kong

RM702, 7/F Waga Comm Ctr 99, Wellington St. Central, Hong Kong, China

69969691-000, Business Registration Number; 2755177, Company Number; 875500573TJOLWAOJL18, Legal Entity Number

Hong Kong-based IRGC-QF front company China Oil and Petroleum Company Limited (COPC) has arranged contracts and sold hundreds of millions of dollars’ worth of Iranian commodities for the benefit of the IRGC-QF. IRGC-QF officials, to include deceased IRGC-QF official Rostam Ghasemi, have represented COPC, which has used falsified documents to mask the origin of the Iranian commodities. COPC coordinated with Mira to sell Iranian commodities to a PRC-based entity via the M/T SARAK, a vessel that was identified as blocked property of the Mehdi Group, which was designated pursuant to E.O. 13224 in August 2019 for its provision of support to Rostam Ghasemi. COPC similarly coordinated with U.S.-designated Kasim Oztas, a member of U.S.-designated Sitki Ayan’s ASB Group network, to facilitate trade with PRC-based entities for the benefit of the IRGC-QF. China Oil and Petroleum Company Limited is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the IRGC-QF.

https://home.treasury.gov/news/press-releases/jy2073

2024-02-02

US

Iranian Financial Sanctions Regulations, 31 CFR Part 561

OFAC country specific

Iran

Blocking Property, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

On August 16, 2010, OFAC issued the Iranian Financial Sanctions Regulations, 31 CFR part 561 (75 FR 49836, August 16, 2010) (IFSR) to implement provisions of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Pub. L. 111–195) (22 U.S.C. 8501–8551). Since then, OFAC has amended the IFSR several times.

SDN