Today, Monday 13th July, the UK Government has designated the following entity under the Iran sanction regime.
Entity designated:
Name: Unique ID: Islamic Movement of Companions of the Right IRN0281
The Sanctions Notice:
Category: Iran
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Today, OFAC issued Iran-Related General License Y, (Authorizing the Wind Down of Transactions Involving Smart Global Limited):
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We found out today – witness Iran-related General License X1 (Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian Origin):
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The prompt:
Why are OFAC General Licenses for the Iran program denoted by letter, where it seems all other programs’ GLs are numbered?
The response:
Iran GLs aren’t actually lettered as a program-wide convention—the lettering you’re seeing comes from how OFAC issues general licenses within its regulatory parts in the CFR versus as standalone numbered GLs.
The distinction is between two issuance mechanisms:
Codified general licenses (lettered): When a GL is written into the body of the regulations in 31 CFR, it gets a section number with a letter suffix in the §xxx.5xx range. For Iran, these live in the Iranian Transactions and Sanctions Regulations (ITSR, 31 CFR Part 560). So you see things like GL D-2 (the personal communications/internet services GL), GL I, GL J, etc. The letter is essentially the identifier OFAC assigned to that standing authorization, and revisions get numeric suffixes (D, then D-1, then D-2).
Standalone web-published GLs (numbered): Many newer programs—Russia/Ukraine (Part 587/589), Venezuela, etc.—saw OFAC shift to issuing general licenses as separate numbered documents posted to the website (GL 1, GL 2, GL 8K, and so on) rather than codifying each one into the CFR text. These are sequentially numbered per program.
So it’s less “Iran uses letters, everyone uses numbers” and more a function of era and method. Iran is one of the older, heavily-codified programs where the long-standing GLs were embedded in the regulations and carried letter designations. The newer expedited approach—driven partly by how fast Russia-related sanctions had to move after 2022—favored numbered standalone GLs that could be published immediately without going through rulemaking to amend the CFR.
You’ll notice Iran also has numbered GLs in more recent actions (e.g., the post-2018 snapback wind-down GLs were numbered), and some older programs (Cuba’s CACR) similarly use lettered codified GLs. The split tracks codification method and vintage more than the program name itself.
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Check out, as expected, Iran General License X (Authorizing the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian-Origin through August 21, 2026):
Mr. Sanctions’ Note: anyone know why, unlike all other OFAC sanctions programs, GLs for Iran are lettered, not numbered? Maybe I should ask Claude….
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Disrupting Iran’s Weapons Procurement
PRESS STATEMENT
THOMAS “TOMMY” PIGOTT, SPOKESPERSON
JUNE 10, 2026
Today, the United States is imposing sanctions on thirteen individuals and entities based in Iran, Belarus, and China, including Hong Kong, that have sought to source and purchase weapons, including man-portable air-defense systems (MANPADS), on behalf of the Islamic Revolutionary Guard Corps (IRGC). These designations follow our action on May 8, 2026, to disrupt procurement networks that support Iran’s military programs and degrade Iran’s ability to advance its military activities in the region.
Today’s action supports the implementation of United Nations (UN) sanctions and restrictive measures on Iran, reimposed as a direct result of Iran’s “significant non-performance” of its nuclear commitments. UN Security Council resolution 1929 requires UN Member States to prevent the supply, sale, or transfer of conventional weapons such as MANPADS to Iran.
Consistent with the President’s National Security Memorandum 2 (NSPM-2), the United States continues to maintain maximum pressure on Iran and take actions to deny the IRGC and the government of Iran access to the resources that sustain their destabilizing activities. The United States continues to use all available tools, to expose, disrupt, and counter Iran’s destabilizing activities and to stop Iran from efforts to reconstitute its proliferation-sensitive programs.
The Department of State’s action was taken pursuant to Executive Order (E.O.) 13949, which targets certain persons with respect to the conventional arms activities of Iran. The Department of the Treasury’s action was taken pursuant to E.O. 13382, which targets weapons of mass destruction (WMD) proliferators and their supporters, and E.O. 13902, which targets persons operating in Iran’s financial sector. For more information on today’s actions, please see the Department of State’s fact sheet and Department of the Treasury’s press release.
Disrupting Iran’s Weapons Procurement
FACT SHEET
JUNE 10, 2026
Today, the Department of State is taking action to designate four Iran- and Belarus-based entities and individuals involved in the procurement of arms and related materiel intended to support Iran’s military.
The United States, as directed in the President’s National Security Presidential Memorandum 2, is committed to disrupting procurement efforts supporting Iran’s military programs. This action represents the commitment to stop Iran from engaging in activities related to the reconstitution of its proliferation-sensitive programs.
All Department of State targets are being designated pursuant to Executive Order (E.O.) 13949, which targets certain persons with respect to the conventional arms activities of Iran.
The Department of the Treasury is concurrently designating nine entities and individuals who have worked to procure weapons on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC). For more information on these actions, please see the Department of the Treasury’s press release.
Designations Pursuant to Section 1(a)(i) of E.O. 13949
The Department is designating the following entity and individual pursuant to Section 1(a)(i) of E.O. 13949 for engaging in activity that materially contributes to the supply, sale, or transfer, directly or indirectly, to or from Iran, or for the use in or benefit of Iran, of arms or related materiel, including spare parts.
Armory Alliance
Armory Alliance is a Belarus-based entity that has acted as an intermediary between China-based companies and Iran and has been involved in facilitating the purchase of hundreds of man-portable air-defense systems (MANPADS) and their shipment from China to Iran including attempting to route the shipments through third party countries and obfuscating their origin and true end-user. The Department of the Treasury previously designated Armory Alliance pursuant to E.O. 13382 on May 8, 2026.
Mohammadmahdi Maleki
Mohammadmahdi Maleki is a Belarus-based Iranian individual who, as an employee of Armory Alliance has contributed to Armory Alliance’s efforts to procure weapons for benefit of Iran. The Department of the Treasury previously designated Mohammadmahdi Maleki pursuant to E.O. 13382 on May 8, 2026.
Designating Pursuant to Section 1(a)(ii) of E.O. 13949
The Department is designating the following entity pursuant to Section 1(a)(ii) of E.O. 13949 for having provided to Iran any technical training, financial resources or services, advice, other services, or assistance related to the supply, sale, transfer, manufacture, maintenance, or use of arms and related materiel described in subsection (a)(i) of section 1 of E.O. 13949.
Center for Innovation and Technology Cooperation
Center for Innovation and Technology Cooperation (CITC) is an Iran-based government entity involved in the procurement of satellite imagery to support kinetic strikes by Iranian armed forces. CITC coordinated with the Iranian Ministry of Intelligence and Security (MOIS) about striking locations within and around a facility hosting U.S. armed forces in late March 2026. The facility was subsequently targeted by an Iranian attack in late March 2026, resulting in the injury of U.S. service members. Additionally, officials of CITC have approached China-based facilitators to attempt to procure weapons for use by Iran’s military. Center for Progress and Development of Iran (CDPI) is the latest name of Iran’s CITC. CITC was previously designated by the United States on July 12, 2012, pursuant to E.O. 13382. MOIS was previously designated by the United States on February 6, 2012, pursuant to E.O. 13224 and E.O. 13553. MOIS was also designated by the United States on April 22, 2012, pursuant to E.O. 1306; September 9, 2022, pursuant to E.O. 13694; and September 8, 2023, pursuant to E.O. 14078.
Designating Pursuant to Section 1(a)(iii) of E.O. 13949
The Department is designating the following individual pursuant to Section 1(a)(iii) of E.O. 13949 for having engaged, or attempted to engage, in any activity that materially contributes to, or poses a risk of materially contributing to, the proliferation of arms or related materiel or items intended for military end-uses or military end-users, including any efforts to manufacture, acquire, possess, develop, transport, transfer, or use such items, by the Government of Iran (including persons owned or controlled by, or acting for or on behalf of the Government of Iran) or paramilitary organizations financially or militarily supported by the Government of Iran.
Sajjad Ahadzadeh
Sajjad Ahadzadeh (Ahadzadeh) is the head of CITC. Ahadzadeh has approached China-based facilitators, such as U.S.-designated China-based Yushita Shanghai International Trade Co Ltd (Yushita), to procure man-portable air-defense systems (MANPADS). Ahadzadeh has attempted to facilitate the procurement of weapons and other arms and related materiel from China for use by Iran including through U.S.-designated Yushita. Yushita was designated by the Department of the Treasury on May 8, 2026, pursuant to E.O. 13382.
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Non-Proliferation Designations; Iran-related Designations; Issuance of Venezuela-related Amended General Licenses and Frequently Asked Questions
Treasury Press Release: Economic Fury Disrupts Foreign Networks Supporting Iran’s Military and Weapons Programs
Additions:
The following individuals have been added to OFAC’s SDN List:
OFAC Programs:
- IFSR Iranian Financial Sanctions Regulations, 31 CFR part 561
- IRAN-CON-ARMS-EO Executive Order 13949
AHADZADEH, Sajjad
- Address: Tehran, Iran
- DOB: 26 Mar 1983
- POB: Tehran, Iran
- Nationality: Iran
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- Passport: D10006855 (Iran)
- National ID No.: 0072094400 (Iran)
- Party Type: Individual
Supplemental Information: Ahadzadeh is not individually named in the Treasury press release. However, the press release notes that, concurrent with OFAC’s designations, the State Department is sanctioning two entities and two individuals based in Iran and Belarus pursuant to E.O. 13949 in connection with Iran’s conventional arms-related activities. Ahadzadeh’s designation — newly added with the IRAN-CON-ARMS-EO tag — appears consistent with being one of those individuals, alongside Mohammadmahdi Maleki (also newly tagged IRAN-CON-ARMS-EO below), with Armory Alliance LLC and the Center for Innovation and Technology Cooperation as the likely corresponding entities.
OFAC Programs:
- NPWMD Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 C.F.R. part 544
- IFSR Iranian Financial Sanctions Regulations, 31 CFR part 561
GOLCHIN, Manuchehr
- Address: Iran
- DOB: 23 Nov 1959
- Alt. DOB: 24 Nov 1959
- Nationality: Iran
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- Passport: B97415946 (Iran) expires 05 Jan 2028
- National ID No.: 0046380450 (Iran)
- Party Type: Individual
- Linked to: MINISTRY OF DEFENSE AND ARMED FORCES LOGISTICS
Supplemental Information: Per the Treasury press release, China-based Iranian national Manuchehr Golchin serves as a facilitator for MODAFL’s defense acquisitions from China. He is chairman of Hong Kong-based Shangshun Hong Kong Ltd and oversees that company’s international partnerships. Golchin is designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, MODAFL.
LIU, Boyu (Chinese Simplified: 刘博宇)
- Address: Nanshan District, Shenzhen, Guangdong, China
- DOB: 28 May 1977
- POB: Changchun, Jilin, China
- Nationality: China
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- National ID No.: 220104197705284431 (China)
- Party Type: Individual
- Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS
Supplemental Information: Per the Treasury press release, Liu Boyu is the sole director and president of Mustad Limited, a previously-designated, Hong Kong-registered company that has facilitated, or attempted to facilitate, financial transactions in furtherance of the IRGC’s procurement of millions of dollars’ worth of weapons (Mustad was designated under E.O. 13382 on May 8, 2026). Liu Boyu is designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, the IRGC.
MENG, Shaopei (Chinese Simplified: 孟少培)
- Address: Xinji, Hebei, China
- DOB: 16 Sep 1980
- POB: Shijuazhuang, Hebei, China
- Nationality: China
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- Passport: EF3549228 (China) expires 10 Feb 2029
- National ID No.: 132301198009161610 (China)
- Party Type: Individual
- Linked to: MINISTRY OF DEFENSE AND ARMED FORCES LOGISTICS
Supplemental Information: Per the Treasury press release, Meng Shaopei is an accomplice of Manuchehr Golchin and is the managing director and 100-percent owner of Hong Kong-based Solos International Limited, which has worked to facilitate weapons procurement for MODAFL. Meng is also part of Shangshun Hong Kong Ltd’s management team. Meng is designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, MODAFL.
WANG, Hongyi (Chinese Simplified: 王洪一)
- Address: Beijing, China
- DOB: 08 Jan 1975
- POB: Zhucheng, China
- Nationality: China
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- Passport: PE3086952 (China) expires 20 Feb 2029
- National ID No.: 420106197501087719 (China)
- Party Type: Individual
- Linked to: MUSTAD LIMITED
Supplemental Information: Per the Treasury press release, Wang Hongyi is an employee of Mustad Limited and, with Liu Boyu and Xu Lichun, has worked to procure weapons on behalf of the IRGC. Wang Hongyi is designated pursuant to E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, Mustad Limited.
XU, Lichun (Chinese Simplified: 徐立春)
- Address: Beijing, China
- DOB: 30 Sep 1983
- POB: Huanggang, Hubei, China
- Nationality: China
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- National ID No.: 421182198309304519 (China)
- Party Type: Individual
- Linked to: ISLAMIC REVOLUTIONARY GUARD CORPS
Supplemental Information: Per the Treasury press release, Xu Lichun is an employee of Mustad Limited and, with Liu Boyu and Wang Hongyi, has worked to procure weapons on behalf of the IRGC. Xu Lichun is designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, the IRGC.
The following entities have been added to OFAC’s SDN List:
OFAC Program: IRAN-EO13902 Executive Order 13902
DOMUS TRADING HK LIMITED
- Address:
- Suite 1111, 11/F, Hollywood Plaza, 610 Nathan Road, Mong Kok, Hong Kong, China
- Room H28B, Blk EH, 10th Floor, Golden Bear Ind. Ctr., 66-82 Chai Wan Kok St., Tsuen Wan, Hong Kong, China
- Organization Established Date: 16 Oct 2024
- Business Registration Number: 77187700 (Hong Kong)
Supplemental Information: Per the Treasury press release, Hong Kong-based Domus Trading HK Limited works within Iran’s clandestine banking network to facilitate payments on behalf of Iranian blocked persons and has attempted to facilitate payments for Iran’s weapons procurement efforts. Domus Trading is designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy.
OFAC Programs:
- NPWMD Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 C.F.R. part 544
- IFSR Iranian Financial Sanctions Regulations, 31 CFR part 561
MUSTAD SHANGHAI INTERNATIONAL TRADE CO LTD (Chinese Simplified: 慕斯达上海国际贸易有限公司)
- Address:
- 6th Floor, Building 1, No. 1000 Zhenchen Road, Baoshan District, Shanghai, China (Chinese Simplified: 真陈路1000号1栋6楼, 宝山区, 上海市, China)
- Room 450, No. 188 Yesheng Road, Lingang New Area, China Shanghai Pilot Free Trade Zone, Shanghai, China (Chinese Simplified: 业盛路188号450室, 临港新片区, 中国上海自由贸易试验区, 上海市, China)
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 29 Nov 2024
- Unified Social Credit Code (USCC): 91310000MAE6K4CJXM (China)
- Linked to: MUSTAD LIMITED
Supplemental Information: Per the Treasury press release, Mustad Shanghai International Trade Co Ltd is wholly owned by Mustad Limited. Mustad Shanghai (along with Wang Hongyi) is designated pursuant to E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, Mustad Limited.
SHANGSHUN HONG KONG LTD (Chinese Traditional: 商順國際香港有限公司)
- Address:
- Room 1526, Unit 1, 15/F, Wah Wan Ind. Building, No. 2 Kin Fat Lane, Tuen Mun, Hong Kong, China
- Flat/RM A, 12/F, Kiu Fu Commercial Building, 300 Lockhart Road, Wan Chai, Kowloon, Hong Kong, China
- Unit 1702, Tianbao Cohesion Edifice, 2nd Street, Tianjin Economic-Technological Development Area, Tianjin 300457, China
- Website: https://shangshunhk.com/
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 19 May 2011
- Company Number: 1603451 (Hong Kong)
- Business Registration Number: 58383098 (Hong Kong)
- Linked to: GOLCHIN, Manuchehr
Supplemental Information: Per the Treasury press release, Manuchehr Golchin is chairman of Shangshun Hong Kong Ltd and oversees its international partnerships, and Meng Shaopei is also part of its management team. Shangshun is designated pursuant to E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, Golchin.
SOLOS INTERNATIONAL LIMITED
- Address: Rm 1526, Unit 1, 15/F, Wah Wan Ind. Building, No. 2 Kin Fat Lane, Tuen Mun, Hong Kong, China
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 11 Jul 2018
- Business Registration Number: 69620526 (Hong Kong)
- Linked to: MINISTRY OF DEFENSE AND ARMED FORCES LOGISTICS
Supplemental Information: Per the Treasury press release, Solos International Limited is managed and 100-percent owned by Meng Shaopei and has worked to facilitate weapons procurement for MODAFL. Solos is designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, MODAFL.
Amendments:
The following changes have been made to OFAC’s SDN List:
OFAC Programs:
- NPWMD Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 C.F.R. part 544
- IFSR Iranian Financial Sanctions Regulations, 31 CFR part 561
- IRAN-CON-ARMS-EO Executive Order 13949
ARMORY ALLIANCE LLC (Cyrillic: ООО АРМОРИ АЛЬЯНС)
- Address: Building 33, Section 14, 13A, Tarkhanova St, Minsk 220035, Belarus
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 20 Oct 2021
- Tax ID No.: 193596647 (Belarus)
- Linked to: CENTER FOR INNOVATION AND TECHNOLOGY COOPERATION
Supplemental Information: Armory Alliance LLC is not individually named in the Treasury press release. However, the press release notes that, concurrent with OFAC’s designations, the State Department is sanctioning two entities and two individuals based in Iran and Belarus pursuant to E.O. 13949 in connection with Iran’s conventional arms-related activities. This Belarus-based entity’s new IRAN-CON-ARMS-EO tag, together with the same addition to the Center for Innovation and Technology Cooperation (Iran-based) below, appears consistent with being the “two entities” referenced.
List of Changes:
- Program Tags:
- Added: IRAN-CON-ARMS-EO
CENTER FOR INNOVATION AND TECHNOLOGY COOPERATION
- AKA:
- CENTER FOR PROGRESS AND DEVELOPMENT OF IRAN
- OFFICE OF SCIENTIFIC AND INDUSTRIAL STUDIES
- OFFICE OF SCIENTIFIC AND TECHNICAL COOPERATION
- PRESIDENCY OFFICE OF SCIENTIFIC AND INDUSTRIAL STUDIES
- TECHNOLOGY COOPERATION OFFICE
- “CITC”
- “CPDI”
- “OSIS”
- “POSIS”
- “TCO”
- Address:
- No 7 East Avesta Rd, Sheykh Bahaie Street, Sheykh Bahaie Sq, Tehran 1995859611, Iran
- PO Box 141554671, Tehran, Iran
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 01 Jan 1983 to 31 Dec 1984
- Target Type: Government Entity
- National ID No.: 14002821290 (Iran)
Supplemental Information: The Center for Innovation and Technology Cooperation (CITC) is referenced in the Treasury press release as coordinating Iranian technology acquisition efforts and having sought to purchase weapons, including man-portable air-defense systems (MANPADS), from China — the subject of OFAC’s May 8, 2026 designations. As with Armory Alliance LLC above, CITC’s new IRAN-CON-ARMS-EO tag appears consistent with the State Department’s concurrent E.O. 13949 action against two entities and two individuals in Iran and Belarus.
List of Changes:
- AKA:
- Changed: OSIS to: “OSIS”
- Program Tags:
- Added: IRAN-CON-ARMS-EO
MALEKI, Mohammadmahdi
- AKA: MALEKI, Mohammad Mahdi
- Address: Belarus
- DOB: 26 Apr 1995
- Nationality: Iran
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- Passport: I67689026 (Iran) expires 09 Mar 2029
- Party Type: Individual
- Linked to: CENTER FOR INNOVATION AND TECHNOLOGY COOPERATION
Supplemental Information: Maleki is not individually named in the Treasury press release. As with Sajjad Ahadzadeh above, his new IRAN-CON-ARMS-EO tag appears consistent with being one of the “two individuals” the State Department is sanctioning pursuant to E.O. 13949 alongside today’s OFAC action.
List of Changes:
- Program Tags:
- Added: IRAN-CON-ARMS-EO
Sources:
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Iran-related Designations; Counter Terrorism Designations Updates
Treasury Press Release: Economic Fury Targets Iranian LPG Smuggling and Shadow Banking Networks
State Press Release: Sanctions to Strangle Iran’s Energy Smuggling and Illicit Financial Networks
Additions:
The following individuals have been added to OFAC’s SDN List:
OFAC Program: [IRAN-EO13902] Executive Order 13902
GERAMIAN NIK, Mehrdad (Arabic: مهرداد گرامیان نیک)
- AKA: GRAMIAN NIK, Mehrdad
- Address: Tehran, Iran
- DOB: 24 Aug 1964
- POB: Tehran, Iran
- Nationality: Iran
- Alt. nationality: Dominica
- Additional Sanctions Information – Subject to Secondary Sanctions
- Gender: Male
- Passport: V52959771 (Iran)
- Alt. Passport: I73046943 (Iran)
- Alt. Passport: RA051286 (Dominica)
- National ID No.: 0041253825 (Iran)
- Party Type: Individual
- Linked to: MEHRDAD GERAMIAN NIK AND PARTNERS COMPANY
Supplemental Information: Co-operates the family-run exchange house Mehrdad Geramian Nik and Partners Company (Geramian Exchange) alongside Romina Geramian Nik. Geramian Exchange has entered into contracts with sanctioned Iranian banks Bank Tejarat, Bank Mellat, and Bank Pasargad, and over the last several years facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of those banks. As of early 2026, Geramian Exchange held tens of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers. Like many of his peers, Mehrdad Geramian Nik maintains foreign citizenship in Dominica, reportedly obtained through a citizenship-by-investment program, which enables Iran’s shadow banking actors to travel overseas, establish new companies, and access international banking networks.
GERAMIAN NIK, Romina (Arabic: رومینا گرامیان نیک)
- AKA: GRAMIAN NIK, Rumina
- Address: Tehran, Iran
- DOB: 09 May 1989
- POB: Shemiran, Iran
- Nationality: Iran
- Additional Sanctions Information – Subject to Secondary Sanctions
- Gender: Female
- National ID No.: 0440054621 (Iran)
- Party Type: Individual
- Linked to: MEHRDAD GERAMIAN NIK AND PARTNERS COMPANY
Supplemental Information: Co-operates the family-run Geramian Exchange alongside Mehrdad Geramian Nik.
MIHANDOUST, Mohammad Shakol
- AKA:
- SHAKOOR, Haji Muhammad
- SHAKOOR, Muhammad
- Addresses:
- United Arab Emirates
- Turkey
- DOB: 24 Nov 1982
- POB: Chabar, Iran
- Nationality: Turkey
- Gender: Male
- Passport: U23085392 (Turkey) expires 31 Jan 2030
- Alt. Passport: U33171256 (Turkey) expires 20 Feb 2034
- National ID No.: 18986951490 (Turkey)
- Party Type: Individual
Supplemental Information: A Turkish national also known as Haji Shakoor, Mihandoust operates a network of UAE-based front companies (Butani Trading LLC, Dundlod Trading FZE, and ADH Energy FZE) alongside Afghani national Sarbaz Abdul Zada, responsible for exporting millions of barrels of Iranian LPG to end users across South and East Asia, often falsely identifying it as Omani LPG to evade sanctions. Mihandoust owns and operates China-based Shanghai Qianye Energy Co., Ltd. In March 2026, ADH Energy FZE was used to sell and export millions of barrels of Iranian LPG to end users in Bangladesh. Mihandoust and Zada rely on Iran’s shadow fleet of vessels to illicitly transport Iranian LPG to foreign markets.
ZADA, Sarbaz Abdul
- AKA: BIN HAJJI MOLLA NUR, Sarbaz Abdul Zada (Arabic: سرباز عبدل بن حاجي مولانور)
- Address: United Arab Emirates
- DOB: 01 Jan 1977
- Nationality: Afghanistan
- Gender: Male
- National ID No.: 122146116 (United Arab Emirates) expires 16 May 2032
- Identification Number: 784-1977-2690971-2 (United Arab Emirates)
- Party Type: Individual
Supplemental Information: An Afghani national, Zada operates a network of UAE-based front companies alongside Turkish national Mohammad Shakol Mihandoust, responsible for exporting millions of barrels of Iranian LPG to end users in South and East Asia, often falsely labeled as Omani LPG to evade sanctions. Zada has also used UAE-based Sahel Star Oil and Gas Company LLC to ship Iranian LPG. Zada and Mihandoust rely on Iran’s shadow fleet of vessels to illicitly transport Iranian LPG to foreign markets.
The following entities have been added to OFAC’s SDN List:
OFAC Program: [IRAN-EO13902] Executive Order 13902
ADAMAS SHIPPING INC
- Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
- Organization Established Date: 21 Jun 2023
- Identification Number: IMO 6420321
- Business Registration Number: 120582 (Marshall Islands)
Supplemental Information: Owns, manages, and operates the Panama-flagged LPG tanker GAS LAGOON (IMO 9386304), which has transported millions of barrels of Iranian LPG since 2023.
ADH ENERGY FZE
- Address: P5-ELOB, Office No E2-122G-10, Hamriyah Free Zone, Sharjah, United Arab Emirates
- Website: http://www.adhenergyfze.com
- Organization Established Date: 23 Jan 2025
- Business Registration Number: 38672 (United Arab Emirates)
Supplemental Information: A UAE-based front company operating in furtherance of Zada and Mihandoust’s Iranian LPG smuggling scheme. In March 2026, ADH Energy FZE was used to sell and export millions of barrels of Iranian LPG to end users in Bangladesh.
BLACK GOLD TRADE CORPORATION
- Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
- Organization Established Date: 21 Aug 2024
- Identification Number: IMO 0042360
- Business Registration Number: 127595 (Marshall Islands)
Supplemental Information: Owns the Panama-flagged LPG tanker MILE (IMO 8910897), which has transported millions of barrels of Iranian LPG since 2024.
BLUE SEA MARINE INCORPORATED AND FAATEH MARITIME INCORPORATED
- AKA: BLUE SEA MARINE INCORPORATED & FAATEH MARITIME INCORPORATED
- Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
- Organization Established Date: 2024
- Identification Number: IMO 0081438
Supplemental Information: Owns, manages, and operates the St. Kitts and Nevis-flagged LPG tanker AMIR GAS (IMO 9167409), which has transported hundreds of thousands of barrels of Iranian LPG since 2025.
BUTANI TRADING LLC
- Address: Office No 481-02-SM1, Port Saeed, Deira, Dubai, United Arab Emirates
- Organization Established Date: 21 Jun 2023
- Commercial Registry Number: 2012881 (United Arab Emirates)
- License: 1201861 (United Arab Emirates)
- Chamber of Commerce Number: 468432 (United Arab Emirates)
Supplemental Information: A UAE-based front company operating in furtherance of Zada and Mihandoust’s scheme. Has shipped tens of thousands of metric tons of Iranian LPG, worth tens of millions of dollars, to South Asia. In early 2025, used the MILE to ship over half a million barrels of Iranian-origin LPG to end users in Bangladesh.
DUNDLOD TRADING FZE
- Address: P6-ELOB, Office No. E2-121 F-55, Hamriyah Free Zone, Sharjah, United Arab Emirates
- Organization Established Date: 06 Jan 2025
- Business Registration Number: 38618 (United Arab Emirates)
Supplemental Information: A UAE-based front company. In October 2025, delivered 22,000 metric tons of LPG to Bangladesh worth approximately $10.5 million USD using the LPG SEVAN. In May 2025, also delivered multiple shipments of LPG to Bangladesh using the GAS ZEINA, which has transported Iranian-origin LPG to Bangladesh since 2024.
ECOSEAS MARITIME LIMITED
- Address: 80 Broad Street, Monrovia, Liberia
- Organization Established Date: 2020
- Identification Number: IMO 6158030
Supplemental Information: Owns the Panama-flagged LPG tanker GLENDALE (IMO 9139945), which has transported millions of barrels of Iranian LPG since 2020.
GAS GMS LIMITED
- Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
- Organization Established Date: 31 May 2023
- Identification Number: IMO 6413451
- Business Registration Number: 120290 (Marshall Islands)
Supplemental Information: Owns the Panama-flagged LPG tanker GAZ GMS (IMO 9131539), which has transported hundreds of thousands of barrels of Iranian LPG since 2023.
LIMRA GAS LIMITED
- Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
- Organization Established Date: 11 Apr 2023
- Identification Number: IMO 6400813
- Business Registration Number: 119426 (Marshall Islands)
Supplemental Information: Owns, manages, and operates the Palau-flagged LPG tanker MD 23 (IMO 9158240), which has transported hundreds of thousands of barrels of Iranian LPG since 2023.
MEHRDAD GERAMIAN NIK AND PARTNERS COMPANY (Arabic: شرکت مهرداد گرامیان نیک و شرکا)
- AKA: MEHRDAD GERAMIAN NIK AND PARTNERS EXCHANGE
- Address: No. 25, Ground Floor, Rose Commercial and Administrative Complex, Opposite the Central Bank, Mirdamad Boulevard, Tehran, Tehran, Iran
- Additional Sanctions Information – Subject to Secondary Sanctions
- Organization Established Date: 22 Feb 2011
- National ID No.: 10320482405 (Iran)
- Registration Number: 397342 (Iran)
Supplemental Information: An Iran-based exchange house (Geramian Exchange) that has entered into contracts with sanctioned Iranian banks Bank Tejarat, Bank Mellat, and Bank Pasargad. Over the last several years, facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of those banks, and as of early 2026 held tens of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers. OFAC has previously taken actions to dismantle Iran’s network of brokers, including against Radin Exchange, Arz Iran Exchange, Opal Exchange, and Amin Exchange. Iran’s foreign exchange system relies heavily on selected brokers and rahbar companies, which use overseas shell and front companies to conceal Iranian connections, bypass sanctions, and move funds through accounts typically held outside Iran.
SAHEL STAR OIL AND GAS COMPANY LLC (Arabic: شركة ساحل ستار للنفط والغاز الطبيعي)
- Address: Office No 3108-3109, Parcel Plot 346-485, Bur Dubai, Dubai, United Arab Emirates
- Organization Established Date: 17 Oct 2021
- License: 993937 (United Arab Emirates)
- Business Registration Number: 11766762 (United Arab Emirates)
- Linked to: ZADA, Sarbaz Abdul
Supplemental Information: A UAE-based company that Sarbaz Abdul Zada has used to ship Iranian LPG.
SHANGHAI QIANYE ENERGY CO., LTD. (Chinese Simplified: 上海千烨能源科技有限公司)
- Address: Room 2701B, No. 99 Xianxia Road, Shanghai 200050, China
- Organization Established Date: 12 Jul 2023
- Commercial Registry Number: 310000401066334 (China)
- Unified Social Credit Code (USCC): 91310000MACNLJYM25 (China)
- Linked to: MIHANDOUST, Mohammad Shakol
Supplemental Information: A China-based entity owned and operated by Mohammad Shakol Mihandoust.
The following vessels have been added to OFAC’s SDN List:
OFAC Program: [IRAN-EO13902] Executive Order 13902
AMIR GAS (V4WK5)
- Vessel Type: LPG Tanker
- Vessel Flag: St. Kitts and Nevis
- Vessel Year of Build: 1998
- Vessel Registration Identification: IMO 9167409
- MMSI: 314550001
- Party Type: Vessel
- Linked to: BLUE SEA MARINE INCORPORATED AND FAATEH MARITIME INCORPORATED
Supplemental Information: The St. Kitts and Nevis-flagged LPG tanker AMIR GAS has transported hundreds of thousands of barrels of Iranian LPG since 2025.
GAS LAGOON (3E4737)
- Vessel Type: LPG Tanker
- Vessel Flag: Panama
- Vessel Year of Build: 2008
- Vessel Registration Identification: IMO 9386304
- MMSI: 352002989
- Party Type: Vessel
- Linked to: ADAMAS SHIPPING INC
Supplemental Information: The Panama-flagged LPG tanker GAS LAGOON has transported millions of barrels of Iranian LPG since 2023.
GAZ GMS (3E4634)
- Vessel Type: LPG Tanker
- Vessel Flag: Panama
- Vessel Year of Build: 1997
- Vessel Registration Identification: IMO 9131539
- MMSI: 352002853
- Party Type: Vessel
- Linked to: GAS GMS LIMITED
Supplemental Information: The Panama-flagged LPG tanker GAZ GMS has transported hundreds of thousands of barrels of Iranian LPG since 2023.
GLENDALE (3FFP9)
- Vessel Type: LPG Tanker
- Vessel Flag: Panama
- Vessel Year of Build: 1996
- Vessel Registration Identification: IMO 9139945
- MMSI: 356634000
- Party Type: Vessel
- Linked to: ECOSEAS MARITIME LIMITED
Supplemental Information: The Panama-flagged LPG tanker GLENDALE has transported millions of barrels of Iranian LPG since 2020.
MD 23 (T8A5356)
- Vessel Type: LPG Tanker
- Vessel Flag: Palau
- Vessel Year of Build: 1998
- Vessel Registration Identification: IMO 9158240
- MMSI: 511101848
- Party Type: Vessel
- Linked to: LIMRA GAS LIMITED
Supplemental Information: The Palau-flagged LPG tanker MD 23 has transported hundreds of thousands of barrels of Iranian LPG since 2023.
MILE (3E4726)
- Vessel Type: LPG Tanker
- Vessel Flag: Panama
- Vessel Year of Build: 1991
- Vessel Registration Identification: IMO 8910897
- MMSI: 352002974
- Party Type: Vessel
- Linked to: BLACK GOLD TRADE CORPORATION
Supplemental Information: The Panama-flagged LPG tanker MILE has transported millions of barrels of Iranian LPG since 2024. In early 2025, Butani Trading LLC used the MILE to ship over half a million barrels of Iranian-origin LPG to end users in Bangladesh.
Amendments:
The following changes have been made to OFAC’s SDN List:
- OFAC Programs:
- [FTO] Foreign Terrorist Organizations Sanctions Regulations, 31 C.F.R. part 597
- [SDGT] Global Terrorism Sanctions Regulations, 31 C.F.R. part 594; Executive Order 13224
COMANDO VERMELHO
- AKA: “RED COMMAND”
- Address: Brazil
- Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
- Organization Type: Transnational Terrorist Group
- Target Type: Criminal Organization
List of Changes:
- Program Tags:
- Added: [FTO]
- OFAC Programs:
- [FTO] Foreign Terrorist Organizations Sanctions Regulations, 31 C.F.R. part 597
- [SDGT] Global Terrorism Sanctions Regulations, 31 C.F.R. part 594; Executive Order 13224
- [ILLICIT-DRUGS-EO14059] Executive Order 14059
PRIMEIRO COMANDO DA CAPITAL
- AKA:
- “FIRST CAPITAL COMMAND”
- “PCC”
- Address: Brazil
- Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
- Organization Type: Transnational Terrorist Group
- Target Type: Criminal Organization
List of Changes:
- Program Tags:
- Added: [FTO]
-
Had to wait for Claude to do its magic…
Counter Terrorism and Iran-related Designations; Democratic Republic of the Congo-related Designations; Issuance of Iran-related Frequently Asked Question
Treasury Press Release: Economic Fury Targets Iran’s Largest Digital Asset Exchange for Terror Finance and Sanctions Evasion
Treasury Press Release: Treasury Sanctions Rebel Commanders Driving Conflict in the Democratic Republic of the Congo
State Press Release: Targeting Iran’s Digital Asset Exchanges for Terror Finance and Sanctions Evasion
State Press Release: United States Sanctions Armed Group Leaders in Eastern Democratic Republic of the Congo
In addition to the SDN list updates below, OFAC issued a new Iran-related Frequently Asked Question: FAQ 1257.
Additions:
The following individuals have been added to OFAC’s SDN List:
OFAC Program: SDGT Specially Designated Global Terrorist — Designated pursuant to Executive Order 13224 of September 23, 2001, “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism,” as amended by Executive Order 13886 of September 9, 2019. Administered under the Global Terrorism Sanctions Regulations, 31 C.F.R. part 594.
AGHAMIR MOHAMMAD ALI, Seyed Mohammad
- AKA:
- AGHAMIR, Mohammad
- KHARRAZI, Mohammad
- Address: Tehran, Iran
- DOB: 1992
- Nationality: Iran
- Gender: Male
- Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
- Party Type: Individual
- Linked to: NOBITEX
Supplemental Information: Seyed Mohammad Aghamir Mohammad Ali (known as Mohammad Aghamir) is a co-founder and blockchain lead at Nobitex, Iran’s largest digital asset exchange. He is a member of the Kharrazi family. OFAC designated him pursuant to Executive Order 13224, as amended, for being a leader or official of Nobitex.
AGHAMIR MOHAMMAD ALI, Seyed Mohammad Ali
- AKA:
- AGHAMIR, Ali
- AHMAD HOSSEIN, Ali
- KHARRAZI, Ali
- Address: Iran
- DOB: 23 Aug 1986
- Nationality: Iran
- Gender: Male
- Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
- Party Type: Individual
- Linked to: NOBITEX
Supplemental Information: Seyed Mohammad Ali Aghamir Mohammad Ali (known as Ali Aghamir) is a co-founder of Nobitex and a member of the Kharrazi family, which is part of former Supreme Leader Khamenei’s inner circle. OFAC designated him pursuant to Executive Order 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Nobitex.
KHOEE, Seyed Ali
- AKA: KHOUEI, Ali
- Address: Iran
- DOB: 02 May 1989
- Nationality: Iran
- Gender: Male
- Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
- Party Type: Individual
- Linked to: NOBITEX
Supplemental Information: Seyed Ali Khoee is the current CEO of Nobitex and previously served as the company’s director of product and marketing. OFAC designated Khoee pursuant to Executive Order 13224, as amended, for being a leader or official of Nobitex.
OFAC Program: DRCONGO Democratic Republic of the Congo — Designated pursuant to Executive Order 13413, “Blocking Property of Certain Persons Contributing to the Conflict in the Democratic Republic of the Congo,” of October 27, 2006, as amended by Executive Order 13671 of July 8, 2014. Administered under the Democratic Republic of the Congo Sanctions Regulations, 31 C.F.R. part 547.
KUBWAYO, Gustave
- AKA:
- “SIRKOFF”
- “SIRKOOF”
- Address: North Kivu, Congo, Democratic Republic of the
- DOB: 1969
- POB: Rwanda
- Nationality: Rwanda
- Gender: Male
- Party Type: Individual
Supplemental Information: Gustave Kubwayo, commonly known as “Colonel Sirkoof,” is an FDLR commander and the leader of the Commando de Recherche et d’Action en Profondeur, an FDLR intelligence and special operations unit. He also led an FDLR operational command structure in North Kivu’s Nyiragongo territory that formed in 2022, after M23 attacks forced the FDLR to geographically disperse. The Democratic Forces for the Liberation of Rwanda (FDLR) formed in 2000 from the remnants of the ex-Rwandan Armed Forces and extremist militias that fled Rwanda following the 1994 genocide. FDLR has waged a campaign of ethnically motivated violence against civilians, including summary killings, forced recruitment of children, and sexual violence; OFAC designated the group on January 3, 2013. OFAC designated Kubwayo pursuant to E.O. 13413, as amended by E.O. 13671, for being a leader of FDLR, an entity whose property and interests in property are blocked pursuant to E.O. 13413.
NZENZE, John Imani
- AKA: “IDI, Imani Nzenze”
- Address: North Kivu, Congo, Democratic Republic of the
- DOB: 06 Aug 1978
- Nationality: Congo, Democratic Republic of the; alt. Rwanda
- Citizen: Congo, Democratic Republic of the; alt. Rwanda
- Gender: Male
- National ID No.: 1197880137555327 (Rwanda)
- Party Type: Individual
Supplemental Information: John Imani Nzenze is an M23 commander and M23’s chief of intelligence. He is regarded as one of the closest collaborators and confidants of Sultani Makenga, the U.S.- and UN-sanctioned overall military commander of M23. Nzenze has been an M23 leader since the group’s first rebellion (2012–2013), when he led M23 attacks on Congolese military positions. M23 is a Rwanda-backed armed group that occupies large portions of North and South Kivu provinces in the DRC; its military campaigns have claimed thousands of civilian lives and resulted in a mass displacement crisis. OFAC designated Nzenze pursuant to E.O. 13413, as amended by E.O. 13671, for being a leader of M23, an entity whose property and interests in property are blocked pursuant to E.O. 13413.
OFAC Programs:
- SDGT Specially Designated Global Terrorist — Designated pursuant to Executive Order 13224, as amended by Executive Order 13886. Administered under the Global Terrorism Sanctions Regulations, 31 C.F.R. part 594.
- IRAN-EO13902 Iran – Executive Order 13902 — Designated pursuant to Executive Order 13902, “Imposing Sanctions With Respect to Additional Sectors of Iran,” of January 10, 2020, targeting persons operating in the construction, mining, manufacturing, textiles, financial, or other sectors of the Iranian economy as determined by the Secretary of the Treasury.
RAD, Amir Hossein
- AKA:
- RAD, Amir
- RAD, Amirhossein
- Address: Qazvin, Iran
- DOB: 21 Mar 1986
- Nationality: Iran
- Email Address: radamir@gmail.com
- alt. Email Address: arad@nobitex.ir
- Additional Sanctions Information: Subject to Secondary Sanctions
- Gender: Male
- Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
- Phone Number: 989121810513
- National ID No.: 4324461872 (Iran)
- Party Type: Individual
Supplemental Information: Amir Hossein Rad is Nobitex’s chairman, co-founder, and former CEO. In June 2025, he helped Nobitex reconstitute its operations following a $90 million hack of the company on June 18, 2025; the company had previously enabled the Iranian regime to evade sanctions and transfer wealth out of the country. OFAC designated Rad pursuant to Executive Order 13224, as amended, for being a leader or official of Nobitex, and pursuant to Executive Order 13902 for operating in the financial sector of the Iranian economy.
The following entities have been added to OFAC’s SDN List:
OFAC Programs:
- IRAN Iran Sanctions — Persons designated pursuant to various Iran-related executive orders and statutory authorities. Administered in part under the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560.
- IRAN-EO13902 Iran – Executive Order 13902 — Designated pursuant to Executive Order 13902, “Imposing Sanctions With Respect to Additional Sectors of Iran,” of January 10, 2020, targeting persons operating in the construction, mining, manufacturing, textiles, financial, or other sectors of the Iranian economy.
BITPIN
- AKA: SANA AYMAN MUBADALA
- Address: Unit 2, Floor 1, Viana (Alizadeh) Trade Complex Building No. 42, Shahid Fatehi Blvd., Sharghayegh Alley, Anzali Free Zone, Bandar Anzali, Gilan 4333155170, Iran
- Website: bitpin.ir
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 2020
- Organization Type: Financial and Insurance Activities
- Company Number: 14009960142 (Iran)
Supplemental Information: Bitpin is an Iranian digital asset exchange that received 10 percent of all Iranian digital asset inflows in 2025. It has processed millions of dollars in transactions, including transactions linked to the IRGC. Bitpin’s investors have reportedly been linked to Iranian efforts to evade U.S. sanctions. OFAC designated Bitpin pursuant to Executive Order 13902 for operating in the financial sector of the Iranian economy.
RAMZINEX
- AKA: RAMZINEH ELECTRONIC COMMERCE INNOVATION COMPANY
- Address: Unit 901, 9th Floor, Sharif Technology Tower, No. 28, Shahid Hamid Salahi Blvd, Azadeh Street, Timori, Tehran, Iran
- Website: https://ramzinex.com/
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 2018
- Organization Type: Financial and Insurance Activities
- Company Number: 14009372096 (Iran)
Supplemental Information: Ramzinex is a digital asset exchange based in Tehran, founded in 2018. It has processed over $2.45 billion in transactions, including transactions linked to the IRGC and a financial institution backed by the Iranian government, and has been used for sanctions evasion. OFAC designated Ramzinex pursuant to Executive Order 13902 for operating in the financial sector of the Iranian economy.
WALLEX
- AKA:
- KHALGH SARVAT SARZAMIN PARSEH
- KHALQ THARWAT SARZAMIN PARSEH COMPANY
- Address: North Unit, Fourth Floor, No. 231, Mirzai Shirazi Street, Shahoda Street, Abbasabad-Andisheh, Tehran 1586753411, Iran
- Website: https://wallex.ir/
- Additional Sanctions Information: Subject to Secondary Sanctions
- Organization Established Date: 2019
- Organization Type: Financial and Insurance Activities
- Company Number: 14010030821 (Iran)
Supplemental Information: Wallex is Iran’s second-largest digital asset exchange by volume and received 12 percent of all Iranian digital asset inflows in 2025. It has facilitated numerous transactions linked to the IRGC. OFAC designated Wallex pursuant to Executive Order 13902 for operating in the financial sector of the Iranian economy.
OFAC Programs:
- IRAN Iran Sanctions — Persons designated pursuant to various Iran-related executive orders and statutory authorities. Administered in part under the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560.
- SDGT Specially Designated Global Terrorist — Designated pursuant to Executive Order 13224, as amended by Executive Order 13886. Administered under the Global Terrorism Sanctions Regulations, 31 C.F.R. part 594.
- IRAN-EO13902 Iran – Executive Order 13902 — Designated pursuant to Executive Order 13902, “Imposing Sanctions With Respect to Additional Sectors of Iran,” of January 10, 2020, targeting persons operating in the construction, mining, manufacturing, textiles, financial, or other sectors of the Iranian economy.
NOBITEX
- AKA: RAHKAR FANAVARI NOOYAN
- Address: Unit 1002, Floor 10, Sharif Technology Tower, Akbari Corner, Salehi Boulevard, Tarasht, Tehran, Iran
- Website: nobitex.ir
- Additional Sanctions Information: Subject to Secondary Sanctions
- Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
- Organization Type: Financial and Insurance Activities
- Company Number: 1400769571 (Iran)
Supplemental Information: Nobitex is Iran’s largest digital asset exchange. In 2025, it processed more than 50 percent of all Iranian digital asset inflows, facilitating payments tied to Iran’s terrorist activities, sanctions evasion efforts, and IRGC-linked transactions, including transactions for wallets associated with IRGC-affiliated ransomware actors. Nobitex helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins used to prop up the plummeting value of the Iranian rial, while enabling regime insiders to access international digital asset exchanges and evade sanctions across multiple jurisdictions. Two of Nobitex’s co-founders are close associates of former Supreme Leader Khamenei’s family. Nobitex also reportedly enables the Iranian government to conduct warrantless surveillance of Iranian civilians. Following the commencement of U.S. combat operations in Iran, Nobitex played a role in protecting and moving assets and funds out of the country to shield regime wealth, even during internet blackouts. OFAC designated Nobitex pursuant to Executive Order 13224, as amended, for materially assisting, sponsoring, or providing financial, material, or technological support to the IRGC, and pursuant to Executive Order 13902 for operating in the financial sector of the Iranian economy.
- AKA:
-
Yesterday, OFAC issues FAQ 1257:
1257. Are non-U.S. persons exposed to sanctions risk for dealing with Iran-based digital asset exchanges Nobitex, Wallex, Bitpin, and Ramzinex following their June 2, 2026 designation?
Yes. OFAC’s June 2, 2026 designation of Iran-based digital asset exchanges Nobitex, Wallex, Bitpin, and Ramzinex pursuant to Executive Order (E.O.) 13902 for operating in the Iranian financial sector means that foreign financial institutions and other non-U.S. persons who engage in certain transactions with these exchanges also risk exposure to sanctions under E.O. 13902. For example, pursuant to E.O. 13902, OFAC has authority to:
- Designate persons that have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Nobitex, Wallex, Bitpin, and Ramzinex; or
- Prohibit or impose strict conditions on correspondent account or payable-through account opening or maintenance by foreign financial institutions that have knowingly conducted or facilitated any significant financial transaction for or on behalf of Nobitex, Wallex, Bitpin, and Ramzinex.
In addition, foreign financial institutions may be exposed to mandatory statutory sanctions for engaging in significant financial transactions with Nobitex, Wallex, Bitpin, and Ramzinex, designated Iranian financial institutions, pursuant to the National Defense Authorization Act of Fiscal Year 2012. Please see FAQ 174 for more information.
Released on Jun 02, 2026