Tag: Iranian entities

Washington : The US Treasury Department has announced sanctions against five Iranian entities. The Treasury Department said late Thursday the five Iran-based entities were subordinate to a key element of Iran's ballistic missile programme and the US action targeted Tehran's "destabilising weapons systems", reports Xinhua news agency. As a result, US citizens are generally prohibited from engaging in transactions with them. Foreign financial institutions that knowingly facilitate significant transactions for, or persons that provide material or certain other support to, the designated entities risk exposure to sanctions that could sever their access...