Last Updated: June 30, 2026

Samad Vafayi QUSHCHI

Nationality

Iran

Date of birth

1971-05-17

Place of birth

Tehran, Iran

Sex

Male

Address

Iran

Reg. ID

0055513042, National ID No.

Function

Business

Official reason

Samad Vafayi Qushchi is the chairman, and Majid Shashaeh is the vice chairman of the board of directors. Morteza Ali Bakhshi, Samad Vafayi Qushchi, and Majid Shashaeh are being designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy.

Sender

Additional info

Subject to Secondary Sanctions

Other Information

https://home.treasury.gov/news/press-releases/sb0477

Date of listing

2026-04-28

Program information

Authority

Program

Executive Order 13902 of January 10, 2020 Imposing Sanctions With Respect to Additional Sectors of Iran

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

E.O. 13902 imposes sanctions with respect to any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate in the construction, mining, manufacturing, and textiles sectors of the Iranian economy, and any additional sectors of the Iranian economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State. On October 8, 2020, the Secretary of the Treasury identified the financial sector of the Iranian economy for additional sanctions under E.O. 13902. Iranian and non-Iranian persons operating in these sectors could be subject to sanctions pursuant to E.O. 13902.

Additional Details

SDN

Program URL

https://ofac.treasury.gov/media/31406/download?inline

Have feedback, suggestions or need help navigating sanctions? Let's talk.

Let's discuss how Sanctions Finder can support you or your business or organization.