Tuesday, June 4, 2013

U.S. blacklists global network of Iranian 'front' companies

A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government and helping Tehran evade international sanctions on its nuclear program, the U.S. Treasury Department said.

The move targets 37 companies spread across the world, from Iran to Croatia, Germany and South Africa, and is the fourth action the United States has taken in the past week to sanction Iran's government over its atomic program.

The sanctions prohibit U.S. citizens and companies from dealing with the firms. Any foreign financial institutions dealing with them risk getting cut off from the U.S. financial system.

http://www.reuters.com/article/2013/06/04/us-usa-iran-sanctions-idUSBRE9530ST20130604