Lebanon

Lebanon

1024713, Commercial Registry Number

Lebanon-based Hydro Company for Drilling Equipment Rental (Hydro) is involved in financing the IRGC-QF by facilitating the shipment of Iranian commodities worth hundreds of millions of dollars to Syria. Hydro operates under the direction of senior IRGC-QF officers and maintains commercial ties with U.S.-designated Hizballah and IRGC-QF front company Lebanon-based Concepto Screen S.A.L. Hydro Company for Drilling Equipment Rental is being designated 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, the IRGC-QF.

https://home.treasury.gov/news/press-releases/jy2065

2024-01-31

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