Trump administration sanctions Iraqi company over alleged ties to Iranian forces
Added 06-12-19 11:58:02am EST - “The Trump administration on Wednesday announced sanctions against an Iraqi company and two individuals that allegedly? trafficked weapons for? Iran's Islamic Revolutionary Guard Corps-Quds force.” - Thehill.com
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The Trump administration on Wednesday announced sanctions against an Iraqi company and two individuals that allegedly trafficked weapons for Iran's Islamic Revolutionary Guard Corps-Quds force.
The Treasury Department announced sanctions against South Wealth Resources Company, a Baghdad-based company the administration said trafficked "hundreds of millions of dollars’ worth of weapons" to Iraqi militias backed by the Revolutionary Guard unit.
The U.S. also sanctioned Makki Kazim Al Asadi and Muhammed Husayn Salih al-Hasani, two individuals it said helped facilitate the Quds force's access to weapons.
The company and the two individuals are being labeled as specially designated global terrorists, the Treasury Department said.
"The Iraqi financial sector and the broader international financial system must harden their defenses against the continued deceptive tactics emanating from Tehran in order to avoid complicity in the IRGC’s ongoing sanctions evasion schemes and other malign activities," Treasury Secretary Steven MnuchinSteven Terner MnuchinAugust recess under threat as yearly spending bills pile up August recess under threat as yearly spending bills pile up Senate GOP, White House reschedule government funding meeting MORE said in a statement.
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