Washington/CMEDIA: Six entities based in Hong Kong and the People’s Republic of China (PRC) are being sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for thier engagement in the procurement of unmanned aerial vehicle (UAV) components on behalf of OFAC-designated Iranian firm Pishtazan Kavosh Gostar Boshra (PKGB) and its subsidiary Narin Sepehr Mobin Isatis (NSMI).
Being part of President Trump’s maximum pressure campaign on the Iranian regime, these actions aim to curb the Iranian entity Pishtazan Kavosh Gostar Boshra (PKGB)’s efforts to reconstitute its procurement network and continue obtaining critical parts from foreign suppliers.
Operating as front companies, these entities facilitate the purchase and shipment of key components for the benefit of PKGB and NSMI, which serve as key suppliers for Iran’s UAV and ballistic missile programs.
“Iran continues to try to find new ways to procure the key components it needs to bolster its UAV weapons program through new front companies and third-country suppliers,” said Secretary of the Treasury Scott Bessent. “Treasury remains committed to disrupting the schemes that enable Iran to send its deadly weapons abroad to its terrorist proxies and other destabilizing actors.”
A network of Hong Kong-based companies procuring sensitive Western-origin materials and technology for Iran’s UAV and missile programs were previously designated by OFAC on behalf of PKGB in February 2024.
Today’s action was taken pursuant to Executive Order (E.O.) 13382, which targets proliferators of weapons of mass destruction (WMD) and their means of delivery.
This action builds on August 28, 2019 and February 2, 2024 actions targeting PKGB’s covert procurement network benefitting Iran’s UAV and ballistic missile production.
By using all available means to expose and disrupt Iran’s growing UAV and missile development and proliferation, The United States will destabilizes the Middle East and beyond.We will continue to act against the complex schemes Iran employs to conceal its acquisition of sensitive technology for its missile and UAV programs.
These programs produce missiles and drones that Iran uses against our allies and exports to its terror proxy groups and Russia.
The Department of the Treasury’s action was taken pursuant to Executive Order (E.O.) 13382, which targets proliferators of weapons of mass destruction (WMD) and their supporters.
