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JewishJournal.com

March 28, 2012

U.S. Treasury levels new sanctions against Iran

http://www.jewishjournal.com/world/article/us_treasury_levels_new_sanctions_against_iran_20120328

The U.S. Treasury Department imposed additional sanctions against Iranian engineering firms linked to the Iranian Revolutionary Guard Corps, and individuals and companies linked to the Iranian state shipping line.

“Treasury is sending a clear signal to the international community that Iran’s attempts to evade international sanctions will not go unnoticed,” Adam Szubin, director of the Treasury’s Office of Foreign Assets Control, said in a statement.

The additional sanctions were announced Wednesday.

The Treasury Department singled out the Iran Maritime Industrial Co. SADRA and its subsidiary Deep Offshore Technology PJS for cooperating with the engineering arm of the Iranian Revolutionary Guard Corps.

Under the sanctions, the assets of the companies were frozen, and any foreign bank caught doing business with the firms could lose their U.S. banking privileges.

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