Treasury sanctions global network supporting Iran’s military UAV program

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating five entities and one individual based in Iran, Hong Kong, Taiwan, and China for their procurement of technology in support of OFAC-designated Iran Aircraft Manufacturing Industrial Company (HESA).  

HESA is a state-owned subsidiary of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) that manufactures Iran’s military aircraft and Ababil‑series unmanned aerial vehicles (UAVs), which have been employed by the Islamic Revolutionary Guard Corps (IRGC).  

Action is being taken in furtherance of National Security Presidential Memorandum 2, which directs that Iran be denied asymmetric and conventional weapons capabilities, and that the IRGC and its surrogates be disrupted and degraded.

Read more at Department of the Treasury