Hong Kong

Rm D 10/F Tower A Billion CTR 1 Wang Kwong Rd, Kowloon Bay, Kowloon, Hong Kong, China

2578406, Commercial Registry Number

Hong Kong-based Hongkong Himark Electron Model Limited (Hongkong Himark) has fulfilled several servomotor orders worth more than $1 million for PESC in Iran, with PRC-based Hongkong Himark official Fan Yang (Fan) representing Hongkong Himark in these sales. Fan sold several thousand servomotors to PESC in Iran and undertook measures, such as falsifying invoices, to obfuscate the Iranian end-user of the shipments. Fan and Hongkong Himark have also supplied servomotors worth more than a hundred thousand dollars to the Houthis in Yemen. Hongkong Himark is being designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, PESC. Fan is being designated pursuant to E.O. 13382 for acting or purporting to act for or on behalf of, directly or indirectly, Hongkong Himark.

https://home.treasury.gov/news/press-releases/jy1766

2023-09-27

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