United Arab Emirates; United Arab Emirates; United Arab Emirates

Al Makhawi Building, M Floor Office #M54, Oud Metha, Dubai, United Arab Emirates

348103, Chamber of Commerce Number; 912334, License; 1647419, Company Number

Today, OFAC is re-designating Asadollah Seifi 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, MODAFL. Five shell companies based in the UAE that are controlled by Seifi and used by him to obfuscate MODAFL’s financial activity are also being designated today: Mufflin Trading L.L.C. Between 2021 and 2022, Mufflin Trading L.L.C., Long Worth Goods Wholesalers L.L.C., and Bethesda Industrial Solvents Trading were used to transfer collectively nearly 100 million AED to the Iran-based, MODAFL-affiliated exchange houses Omid Sepah, Hekmat Iranian, Sadaf Exchange, and Ansar Exchange.

https://home.treasury.gov/news/press-releases/jy2431

2024-06-25

US

Iranian Financial Sanctions Regulations, 31 CFR part 561

OFAC country specific

Iran

Blocking Property, Suspending Entry, 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