WASHINGTON-Today, as part of Economic Fury, and in coordination with the U.S. Department of Commerce and Federal Bureau of Investigation’s Los Angeles Field Office, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against an Iran-based procurement network that impersonated and defrauded U.S. companies in order to procure restricted goods for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and other sanctioned Iranian end users. MODAFL is responsible for research, development, and manufacturing across Iran’s defense enterprise.
“The Iranian military’s brazen efforts to target and deceive American businesses demonstrate just how far the regime is willing to go to support its malign activities,” said Secretary of the Treasury Scott Bessent. “Treasury will continue to use all available authorities to cut off the Iranian regime’s access to the global financial system.”
Today’s action is being taken pursuant to Executive Order (E.O.) 13224, as amended, which targets terrorist groups, their supporters, and those who aid acts of terrorism. OFAC designated MODAFL pursuant to E.O. 13224 on March 26, 2019 for assisting, sponsoring or providing financial, material, or technological support for, or financial or other services to or in support of, the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). In October 2007, the U.S. Department of State designated MODAFL pursuant to E.O. 13382 and designated the IRGC-QF pursuant to E.O. 13224.