WSJ – The U.S. Treasury Department on Friday blacklisted six individuals and four businesses, citing their alleged involvement in an attempt to evade Iranian oil sanctions.
The move targeted a network allegedly run by Iranian businessman Seyed Seyyedi, who is allegedly involved with a number of front companies that facilitate oil deals, the department said in a press release. Mr. Seyyedi allegedly also serves as managing director of Sima General Trading, which was added to the Office of Foreign Assets Control blacklist in March.
Mr. Seyyedi allegedly used the firms United Arab Emirates-based KASB International LLC, Petro Royal FZE, and AA Energy FZCO, which were all blacklisted today, in schemes to evade oil sanctions, Treasury said.
The agency also targeted others who allegedly represent the already-blacklisted National Iranian Oil Co., Iran’s state oil company, and its alleged front company Naftiran Intertrade Company Sarl in global oil deals. These individuals were U.K. citizen Mohammad Moinie, and Iranian nationals Reza Parsaei, Seyyed Mohamad Ali Khatibi Tabatabaei, Seyed Mahmoud Mohaddes and Mahmoud Ziracchian Zadeh.
Also blacklisted was Swiss Management Services Sarl, based in Switzerland, which is allegedly used as a front company by Naftiran Intertrade Company Sarl.