Today: 9 October 2025
15 February 2024
1 min read

Sanctions hit Iran central bank subsidiary for US tech procurement

Some items acquired by Iran’s Central Bank were classified as “information security items subject to national security and anti-terrorism controls” by the Commerce Department….reports Asian Lite News

The United States has imposed sanctions on individuals and companies from Iran, the UAE, and Turkey for allegedly aiding in the illicit transfer of U.S. goods and technology to Iran and its central bank.

The Treasury’s Office of Foreign Assets Control accused a procurement network of violating U.S. export restrictions by supplying U.S. technology to Iran’s Central Bank, according to AP report.

Some items acquired by Iran’s Central Bank were classified as “information security items subject to national security and anti-terrorism controls” by the Commerce Department.

Among the sanctioned entities are Informatics Services Corp., an Iranian subsidiary of Iran’s Central Bank, a UAE-based front company, and a Turkey-based affiliate firm.

Treasury Under Secretary Brian E. Nelson stated that Iran’s Central Bank has supported Iran’s Islamic Revolutionary Guard and Hezbollah, aiming to destabilize the Middle East.

The sanctions aim to disrupt Iran’s attempts to acquire sensitive U.S. technology, blocking access to U.S. property and bank accounts, and prohibiting business dealings with Americans.

ALSO READ: Biden frustrated with Netanyahu

Previous Story

Biden halts Palestinian deportations citing Gaza situation

Next Story

Demolition of activist’s home sparks US rebuke against Israel

Latest from -Top News

India, Qatar Strengthen Trade Ties

Goyal expressed optimism about the growing economic engagement between the two countries, stating, “Glad to meet Ahmed bin Mohammed Al-Sayed….reports Asian Lite News Union Minister of Commerce and Industry Piyush Goyal met

OCTOBER 7: Stop the Violence Now, Says Guterres

Guterres recalled that “the attackers brutally killed more than 1,250 Israelis and foreign nationals….reports Asian Lite News UN Secretary-General Antonio Guterres urged an immediate halt to the violence in Gaza, Israel, and

Piyush Goyal Heads to Doha for Trade Talks

During the visit, both sides are expected to discuss the proposed India–Qatar Free Trade Agreement (FTA)….reports Asian Lite News Union Commerce and Industry Minister Piyush Goyal will travel to Doha, Qatar, on
Go toTop

Don't Miss

Iran nuke deal awaits final decisions after talks stalled

Iran and world powers have adjourned their talks, mostly over

Israeli PM heads to US amid tensions in ME

The meeting between the two leaders, which is expected on