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U.S. Adds 10 Companies In Malta To Iran Sanctions


U.S. Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen

U.S. Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen

The U.S. Treasury Department says it's expanding sanctions on Iran to include 10 "shipping and front companies and one individual based in Malta" affiliated with the Islamic Republic of Iran Shipping Lines (IRISL).

Undersecretary for Terrorism and Financial Intelligence David Cohen said in a statement that the United States will continue "to expose the front companies, agents, and managers working with IRISL and work to stop this illicit business."

The department said that Jamshid Khalili, an Iranian national who is chief executive and managing director of the shipping company Irano Hind, was also designated for sanctions.

The move is part of a continuing U.S. effort to stop Iran's alleged nuclear weapons program by freezing the assets of individuals and companies that support the program and denying them access to the U.S. financial system and commercial market.

Reuters
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