Last Updated: January 19, 2026
CITY BASE GROUP LIMITED
Nationality
Hong Kong; Hong Kong
Address
Hong Kong, China
Reg. ID
2805052, Company Number; 70472756, Business Registration Number
Official reason
Three shell companies based in Hong Kong and controlled by Nourian Exchange for the purpose of conducting foreign currency transfers on behalf of MODAFL are also being designated today: City Base Group Limited. Between August and November 2023, Nourian Exchange facilitated numerous transfers worth tens of millions of dollars on behalf of the MODAFL...
Other Information
https://home.treasury.gov/news/press-releases/jy2431
Date of listing
2024-06-25
Program information
Authority
US
Program
Iranian Financial Sanctions Regulations, 31 CFR part 561
Regime
OFAC country specific
Target State
Iran
Measures
Blocking Property, Suspending Entry, Trade sanctions
Sanctions Portfolio
• https://ofac.treasury.gov/faqs/topic/1551
Official Information
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.
Additional Details
SDN
Program URL
https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-561