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Treasury Targets IRGC-Qods Force Financial Conduit in Iraq for Trafficking Weapons Worth Hundreds of Millions of Dollars

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on an Iraq-based Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) financial conduit, South Wealth Resources Company (SWRC), which has trafficked hundreds of millions of dollars’ worth of weapons to IRGC-QF-backed Iraqi militias.  SWRC and its two Iraqi associates, who are ...
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Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales

PGPIC Awards IRGC Construction Firm Hundreds of Millions of Dollars in Contracts WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the ...
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Statement by Secretary Pompeo On Iran’s Escalating Series of Threatening Actions and Statements

U.S. DEPARTMENT OF STATE Office of the Spokesperson For Immediate Release May 9, 2019 The Islamic Republic of Iran has engaged in an escalating series of threatening actions and statements in recent weeks.  The response of the United States and our partners and allies has been clear: We do not seek war.  But Iran’s forty ...
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Statement by Secretary Pompeo – First Anniversary of President Trump’s New Iran Strategy

U.S. Department of State Office of the Spokesperson For Immediate Release May 8, 2019 One year ago today, President Trump announced the United States would cease to participate in the Joint Comprehensive Plan of Action and would instead embark on a bold new strategy to end Iran’s destabilizing behavior and prevent Iran from ever acquiring ...
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