Iran TerrorismUS Sanctions Iraqi Company for Aiding IRGC

US Sanctions Iraqi Company for Aiding IRGC

-

Members the Iran-backed Asaib Ahl al-Haq paramilitary group in Baghdad, Iraq.

By Jubin Katiraie

The US has sanctioned an Iraq-based company for helping Iran’s Islamic Revolutionary Guard Corps (IRGC), which was designated as a terrorist group by the US in April, to evade sanctions and smuggle hundreds of millions of dollars’ worth of weapons to Iran’s terrorist proxies.

The US Treasury Department said in a statement on June 11 that the penalties imposed target the South Wealth Resources Company (SWRC), also known as the Manabea Tharwat al-Janoob General Trading Company, in Baghdad and two executives who helped facilitate weapons shipments. The Treasury also said that the company and the two men – Makki Kazim ‘Abd Al Hamid Al Asadi and Muhammed Hussein Salih Al Hasani – are linked to the IRGC’s elite Quds Force, which was named as a terrorist group several years ago.

Treasury Secretary Steven Mnuchin said in the statement: “[The] Treasury is taking action to shut down Iranian weapons smuggling networks that have been used to arm regional proxies of the IRGC Qods Force in Iraq, while personally enriching regime insiders. The Iraqi financial sector and the broader international financial system must harden their defences against the continued deceptive tactics emanating from Tehran in order to avoid complicity in the IRGC’s ongoing sanctions evasion schemes and other malign activities.”

These sanctions freeze any assets held by the company or the executives in the US or its territories, as well as putting other companies off working with the SWRC, which will also reduce their financial abilities.

This is part of the US’s ongoing “maximum pressure” campaign on Iran, which is designed to force the Iranian authorities back to the negotiating table for a fairer deal on all of its destabilising behaviour, not just its nuclear programme.

The US withdrew from the 2015 nuclear deal with Iran last May, citing Iranian noncompliance among other things, and began reimposing sanctions to cut off the regime’s wealth in order to stop them from building a nuclear bomb or funding its terrorist proxies. The US said that Iran is a source of regional instability and must be stopped before it destroys the Middle East.

These new sanctions were announced as Japanese Prime Minister Shinzo Abe was visiting Tehran as part of in an effort to ease tensions between Washington and Tehran, which are at their highest for 40 years.

Neither Iran’s mission to the United Nations nor representatives for the SWRC were available for comment at the time of writing.

Latest news

The Disastrous Results of Iran’s Corrupted Projects

Following the recent protests over the water shortage of the Iranian people mainly in the Khuzestan province, there is...

Iran: Household Expenses Outweigh People’s Income

In 2020, the average annual cost of Iran’s urban household and a rural household was 60 and 24 million...

Iran: “The Conquest of the Power Structure by Brokers and Corrupt People”

Iran supreme leader Ali Khamenei's faction seeks to attribute the widespread poverty, inequality, class divide, bankruptcy, and current economic...

Protests Continue in Khuzestan for the Seventh Night

At night on July 21, the people of the southwestern Iranian province of Khuzestan once again took to the...

In the Real World, China and Russia Are Turning Away From Iran

Negotiations to revive the 2015 Iran nuclear deal JCPOA have stalled, and the task of the seventh round of...

Iran Economic Collapse, As Explained by State Media

The Iranian economic crisis, caused solely by the mullahs’ corruption and failed policies, is now at a critical point...

Must read

Three Australians Held in Iran

By Jubin Katiraie Three Australians have been detained in...

Iran, Hezbollah charged in 1994 Argentine bombing

AFP: Prosecutors formally charged Iran and the Shiite militia...

You might also likeRELATED
Recommended to you