28 Mar 2024
Thursday 13 June 2019 - 15:08
Story Code : 351649

US sanctions Iraqi company for links with Iran's IRGC

MNA The United States on Wednesday sanctioned an Iraqi company and two of its associates, which it said had helped Irans Islamic Revolutionary Guards Corps-Quds force evade sanctions.

According to a statement by Treasury Secretary Steven Mnuchin as reported by Reuters, Wednesdays sanctions targeted Baghdad-based South Wealth Resources Company. Two of the entitys associates were also sanctioned.

Washington previously sanctioned Irans elite IRGC in April, designating it a terrorist organization in an unprecedented move, followed by Iran's reciprocal action in designating all US troops in the region under the command of CENTCOM as terrorists.

The statement also called on the Iraqi financial sector and the broader international financial system to stop activities that are linked with the IRGC.
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