No. 279, 13th Km of Lashgari Hwy, Tehran, 13999-39711, Iran;
Hekmat Dahom Street, inside Bahman Diesel Co., Alborz Industrial Park, Qazvin, Iran
Reg. ID
89322, Business Registration Number;
10101337072, National ID No.
Official reason
Iran Chassis Manufacturing Co., another wholly owned subsidiary of Bahman Group, has purchased tens of millions of dollars’ worth of goods from Esfahan’s Mobarakeh Steel Company, Iran’s largest steel producer. Mobarakeh Steel Company is used as a revenue stream for Bonyad Taavon Basij’s economic conglomerate. Mobarakeh Steel Company was designated pursuant to E.O. 13224 on October 16, 2018 for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Mehr Eqtesad Iranian Investment Company, an entity with close ties to the Basij Resistance Force and its Bonyad Taavon Basij. The Basij was concurrently designated pursuant to E.O. 13224 for being owned or controlled by the IRGC and for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, the IRGC-QF. Iran Chassis Manufacturing Co. is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or good or services to or in support of, Mobarakeh Steel Company. Bahman Group is being designated pursuant to E.O. 13224, as amended, for owning or controlling, directly or indirectly, Bahman Diesel Co., Iran Docharkh Co., and Iran Chassis Manufacturing Co. Bahman Group is being concurrently delisted for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the IRGC.
On June 6, 2003, OFAC issued the Global Terrorism Sanctions Regulations, 31 CFR part 594 (68 FR 34196, June 6, 2003 (“the Regulations”), to implement Executive Order (E.O.) 13224 of September 23, 2001, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism” (66 FR 49079, September 25, 2001). OFAC has amended the Regulations on several occasions.
On September 9, 2019, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701–1706) (IEEPA) and the United Nations Participation Act (22 U.S.C. 287c) (UNPA), issued E.O. 13886, “Modernizing Sanctions To Combat Terrorism” (84 FR 48041, September 12, 2019), effective September 10, 2019. In E.O. 13886, the President, finding it necessary to consolidate and enhance sanctions to combat acts of terrorism and threats of terrorism by foreign terrorists, terminated the national emergency declared in E.O. 12947 of January 23, 1995, “Prohibiting Transactions With Terrorists Who Threaten To Disrupt the Middle East Peace Process” (60 FR 5079, January 25, 1995), and revoked E.O. 12947, as amended by E.O. 13099 of August 20, 1998, “Prohibiting Transactions With Terrorists Who Threaten To Disrupt the Middle East Peace Process” (63 FR 45167, August 25, 1998). In addition, the President amended E.O. 13224, in order to build upon initial steps taken in E.O. 12947, to further strengthen and consolidate sanctions to combat the continuing threat posed by international terrorism, and in order to take additional steps to deal with the national emergency declared in E.O. 13224, with respect to the continuing and immediate threat of grave acts of terrorism and threats of terrorism committed by foreign terrorists, which include acts of terrorism that threaten the Middle East peace process.
Section 1 of E.O. 13886 replaces in its entirety section 1 of E.O. 13224, which had been amended by a number of prior Executive orders (E.O. 13224, as amended by all such authorities, is referred to herein as “amended E.O. 13224”), but does not amend the Annex to E.O. 13224, which was previously amended by E.O. 13268 of July 2, 2002, “Termination of Emergency With Respect to the Taliban and Amendment of Executive Order 13224 of September 23, 2001” (67 FR 44751, July 3, 2002) (“amended Annex to E.O. 13224”).
