Siavash NOURIAN

Iran

1959-03-26

Male

Iran

Z64904229, Passport; 3991954850, National ID No.

Drug cartel/Mafia

Siavash Nourian (Siavash) is the owner of Iranian exchange house Siavash Nourian & Co. Exchange (Nourian Exchange), which is used by the MODAFL Supply Division for a wide range for foreign currency activities, including establishing cover companies and accounts, holding MODAFL’s money in cover accounts outside of Iran, converting foreign currency, transporting foreign currency using couriers, retrieving revenue from MODAFL’s oil and petrochemical sales, and transferring currency to suppliers of MODAFL and the IRGC. 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: Kumu Limited City Base Group Limited Net Trading Co. Limited Between August and November 2023, Nourian Exchange facilitated numerous transfers worth tens of millions of dollars on behalf of the MODAFL Supply Division and the IRGC Oil Command using multiple currencies, including Chinese yuan, U.S. dollars, and AED. In October 2023, City Base Group Limited and Net Trading Co. Limited received approximately $30 million from Sahara Thunder for the MODAFL Supply Division through Nourian Exchange. Siavash Nourian, Siavash Nourian & Co. Exchange, and the above entities are all 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, MODAFL.

US

https://home.treasury.gov/news/press-releases/jy2431

2024-06-25

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