The Treasury Department’s Office of Foreign Assets Control (“OFAC”) targeted more than 30 individuals and entities tied to three Iranian brothers who allegedly used Iranian exchange houses and front companies under their control in Hong Kong and the UAE to move money on behalf of Iran’s oil and petrochemical sectors.
Iranian brothers Mansour, Nasser and Fazlolah Zarringhalam helped fund Iran’s nuclear and missile programs and supported its military operations, according to OFAC’s summary of the ...
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