The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 26 companies, individuals, and vessels associated with the Al-Qatirji Company, a Syrian conglomerate responsible, OFAC maintains, for generating hundreds of millions of dollars in revenue for Iran’s Islamic Revolutionary Guard Corps-Qods Force and the Houthis through the sale of Iranian oil to Syria and China.
“Iran is increasingly relying on key business partners like the Al-Qatirji Company to fund its destabilising activities and web of terrorist proxies across the region,” said acting under secretary of the treasury for terrorism and financial intelligence Bradley Smith. “Treasury will continue to take all available measures to restrict the Iranian regime’s ability to profit from the illicit schemes that enable its dangerous regional agenda.”