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US hits two more Malta-based Iranian firms with sanctions
The U.S. Treasury Department has added four more Iranian firms and two individuals to its sanctions list, saying they are connected to the country's Islamic Revolutionary Guard.
29 March 2012, 12:00am
Karl Stagno-Navarra
Karl Stagno-Navarra
1 min read
US secretary to the treasury Timothy F. Geithner
The US Treasury hit at Modality Limited and Malship Shipping Agency Ltd., which it says are two Malta-based "front companies" of the Islamic Republic of Iran Shipping Lines (IRISL).
The blacklist targets the Iran Maritime Industrial Company SADRA and Deep Offshore Technology PJS, alleging they are owned or controlled by the Revolutionary Guard to generate funds the proliferation of weapons of mass destruction.
In 2008, IRISL was blacklisted for providing logistical support for Iran's ballistic-missile program.
Two employees of the maritime carrier also added to those barred from using the U.S. financial system.
