Treasury singles out IRGC and four other entities as sponsors of terrorist groups

Treasury Secretary Steven T. Mnuchin, yesterday announced the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in carrying out the 2007 global terrorism Executive Order 13224, singled out five entities for providing support to a number of terrorist groups. On top is the Iran’s Islamic Revolutionary Guard Corps (IRGC), the parent organization of the IRGC-QF, primary propagandist to spread the ideology of the Islamic Revolution worldwide and main link in Iran's terrorist proxies. The IRGC was singled out for its activities in assisting, sponsoring, providing financial services, providing technological support and other materials to and of support to the IRGC-QF.

It was also designated, under the 2011 Executive Order 13553 and 2012 Executive Order 13606, for its activities with Iran’s human rights abuses. IRGC has been found to have deployed, after training them, IRGC-QF ground forces to Syria and giving them significant combat support, as well as serving as snipers and machine gunners. They also recruited and trained Afghan and Pakistani nationals that were deployed to the battlefields on Syria. Their efforts include using their bases and civilian airports in Iran to provide military equipment in Iraq and Syria. IRGC is the third-wealthiest organization in Iran and has no problem using their money as a recruitment tool. Iran’s proposed 2017-18 fiscal budget is reported to provide IRGC with $7 billion, up from $4.5 billion. 

The other four Iran-based entities thatwere singled out pursuant to 2010 ExecutiveOrder 13382 include:

Shahid Alamolhoda Industries (SAI), owned or controlled by Iran's Naval Defence Missile Industry Group (SAIG), for their involvement in developing missile components.

Rastafann Ertebat Engineering Company for providing SAIG with radar systems and IRGC with communication equipment. They also provide both entities with financial, technological and other support and services.

Fanamoj, the parent company of Rastafann, also provided services to IRGC and worked in Iran's military missile systems by designing components.

Wuhan Sanjiang Import and Export Co. LTD, a Chinese-based company, for the support and services they offered Iran’s Shiraz Electronics Industries (SEI) that is controlled by Iran’s Ministry of Defense and Armed Forces Logistics. Wuhan Sanjiang has been doing business with SEI since 2014, selling their navigation-related gyrocompasses and have sold SEI, in a undercover type way, millions of dollars worth of high specialized sensors.