On September 17, the Treasury Department announced sanctions, authorized under Executive Order 13224, on a network of facilitators and front companies in the Middle East and Far East that helped fund Hezbollah and Iran’s Revolutionary Guards elite Quds Force. Treasury designated 11 individuals in China, Kuwait, and Lebanon, as well as eight entities in China and Hong Kong.
In its quarterly report on September 7, the International Atomic Energy Agency (IAEA) reported that Iran was enriching uranium at levels significantly higher than allowed under the 2015 nuclear deal, which experts subsequently warned could allow Iran to amass sufficient fuel for a single nuclear bomb within one to two months. The deal, known as the Joint Comprehensive Plan of Action (JCPOA), led to limits so that the so-called “breakout time” would be more than a year. The report also said that Iran was impeding international inspectors from tracking Iran’s facilities.
On September 14, the Justice Department announced several charges against a former University of Miami professor, Mohammad Faghihi, his wife Farzaneh Modarresi and sister Faezeh Faghihi related to their alleged violation of U.S. sanctions on Iran. The family operated a genetic sequencing company that received nearly $3.5 million in suspect wire transfers. Some of the funds were then used to purchase scientific equipment from U.S. manufacturers to ship it to Iran without a license from the Treasury Department.
On September 14, the Justice Department sentenced an Iranian national, Mehrdad Ansari, to more than five years in prison for trying to obtain parts that have potential military uses for Iran. “Ansari and his co-conspirators attempted to profit from a far-reaching, extensive scheme to evade U.S. sanctions on Iran. They repeatedly lied to numerous U.S. suppliers and illegally obtained very sensitive dual-use items,” Acting Assistant Attorney General Mark J. Lesko said. The parts Ansari procured would allow Iran to test weapons and communications systems.
On September 12, Iran and the International Atomic Energy Agency (IAEA) reached an agreement that would allow the watchdog agency to service monitoring equipment at Iranian nuclear facilities. The IAEA had not had access to its equipment, including cameras, since May 25. It urgently needed to swap out memory cards to prevent any data gaps.
On September 3, the Treasury Department sanctioned four Iranian intelligence operatives who plotted to abduct an Iranian-American activist. “Iran’s attempt to kidnap a U.S. citizen on U.S.
The Bourse & Bazaar Foundation, a think tank focused on economic diplomacy and development in the Middle East and Central Asia, prepared this report in collaboration with "The Iran Primer."
On August 27, the U.S. Treasury announced that it had reached a settlement agreement with Romanian bank First Bank SA and its American parent company, JC Flowers & Co., for apparent violation of Iran and Syria sanctions. The bank and company agreed to pay $862,318 for processing 98 commercial transactions totaling $3.6 million through U.S. banks on behalf of parties in Iran and Syria. Out of the 98 transactions, 62 were linked to Iran, totaling $2.53 million.
On August 13, the U.S. Treasury sanctioned an oil smuggling network for supporting the Qods Force, the external operations branch of Iran’s Islamic Revolutionary Guard Corps (IRGC). The Qods Force “has been using revenue from Iranian petroleum sales to fund its malign activities,” Secretary of State Antony Blinken said.
