Damavand Tehran Highway, Tehran, Iran; P.O. Box 16595-159, Tehran, Iran; No. 5, Eslami St., Golestane Sevvom St., Pasdaran St., Tehran, Iran

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six Iran-based subordinates of Shahid Hemmat Industrial Group (SHIG), an entity central to Iran’s ballistic missile program, in response to Iran’s continued provocative actions, such as yesterday’s launch of the Simorgh space launch vehicle. Space launch vehicles use technologies that are closely related to those of an intercontinental ballistic missile and this launch represents a threatening step by Iran. Shahid Karimi Industries, Shahid Rastegar Industries, Shahid Cheraghi Industries, Shahid Varamini Industries, Shahid Kalhor Industries, and Amir Al Mo’Menin Industries were designated pursuant to the global counter-proliferation Executive Order (E.O.) 13382 for being owned or controlled by SHIG. SHIG, which is responsible for the development and production of Iran’s liquid propellant ballistic missiles, is listed in the Annex to E.O. 13382 and is currently sanctioned by the United Nations and the European Union. Each of the entities sanctioned today is a subordinate of SHIG.

https://home.treasury.gov/news/press-releases/sm0136

2005-06-29

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