Iran-related and Counter Terrorism Designations

Treasury Press Release: Iran’s Access to UAE Banks Targeted Under Operation Economic Outcast

State Press Release: U.S. Sanctions Sever Financial Lifelines of Iranian Regime

Additions:

The following individual has been added to OFAC’s SDN List:

OFAC Programs:

• SDGT  Global Terrorism Sanctions Regulations, 31 C.F.R. part 594
• IFSR  Iranian Financial Sanctions Regulations, 31 C.F.R. part 561

TAEEDI, Reza Mohammad

• Address: Dubai, United Arab Emirates
• DOB: 24 Aug 1975
• Nationality: Iran
• Additional Sanctions Information: Subject to Secondary Sanctions
• Gender: Male
• Passport: P6602606
• Alt. Passport: E96037407
• National ID No.: 784-1975-3624749-3 (United Arab Emirates)
• Party Type: Individual
• Linked to: Bank Melli Iran

Supplemental Information: Taeedi is the general manager of Bank Melli Iran’s Dubai branch. Treasury says that branch has moved billions of dollars through accounts tied to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), letting the IRGC-QF and its parent organization move funds into and out of Iran and helping fund Iran-aligned proxies, including in Iraq. State’s parallel statement describes Bank Melli more broadly as a financial hub for Iran’s armed forces, naming both the IRGC-QF and the Ministry of Defense and Armed Forces Logistics as beneficiaries. OFAC designated Taeedi under E.O. 13224, as amended, for acting on Bank Melli’s behalf.

The following entity has been added to OFAC’s SDN List:

OFAC Program: IRAN-EO13902  Executive Order 13902

KAMENG TRADING LIMITED

• Address:
  • Room 701, Unit 108, 7/F, Tower B, New Mandarin Plaza, 14 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong, China
  • Unit 89, 3F, Yau Lee Centre, No. 45, Hoi Yuen Rd, Kwun Tong, Hong Kong, China
• Organization Established Date: 24 Jul 2024
• Business Registration Number: 76846373 (Hong Kong)

Supplemental Information: Treasury ties Kameng Trading Limited to Pedram Pirouzan Exchange House, also known as Opal Exchange, an already-designated Iranian exchange house that used the Hong Kong company to launder money for Iran. State’s statement likewise describes the firm as a Hong Kong-based company that helped already-designated Iranian individuals and entities access the international financial system. OFAC designated Kameng Trading Limited under E.O. 13902 for operating in the financial sector of the Iranian economy.