Imposition of Sanctions on Iran’s Illicit Revenue-Generating Network

The United States is today designating or identifying as blocked property 26 entities, individuals, and ships comprising a network associated with the Syria-based Al-Qatirji Company, an entity with ties to the U.S.-designated Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis. The Al-Qatirji Company enabled the IRGC-QF to generate and access hundreds of millions of dollars in revenue this year alone. The Al-Qatirji Company launders revenue from selling Iranian oil and then provides millions of dollars per month to the Houthis, knowingly funding attacks carried out by the Houthis.

Today's action seeks to further disrupt the oil sales networks through which the Iranian regime funds the IRGC-QF and its partners and proxies, which have contributed to ongoing regional instability and conflict.

Today's actions are being taken pursuant to E.O. 13224, as amended, which targets terrorist groups and their supporters. For more information see the Department of the Treasury's press release.