OFAC Blocks 10 Shipping Cos in 4 Countries Affiliated With IRISL
The Office of Foreign Assets Control announces the designation of ten shipping companies and three individuals affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) pursuant to Executive Order 13382, which prohibits transactions with and freezes the assets of proliferators of weapons of mass destruction and their supporters. OFAC has designated the following shipping companies:
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- UAE-based companies Pacific Shipping of the UAE
- Great Ocean Shipping Services of the UAE
- Azores Shipping of the UAE
- Atlantic Intermodal of the UAE
- Crystal Shipping of the UAE
- Pearl Shipping of the UAE
- Sinose Maritime of Singapore
- Leading Maritime of Singapore
- Santex Lines of China
- Fairway Shipping of the UK.
OFAC has designated individuals Mohammad Moghaddami Fard, Ahmad Tafazoli, and Alireza Ghezel Ayagh of Iran. OFAC has also updated its Specially Designated Nationals list to include these designations.
(See ITT's Online Archives or 03/31/11 news, 11033174, for BP summary of an OFAC alert on IRISL's use of fraudulent documents to evade sanctions.)