US Sanctions Malaysia-Based Agent Over Link With Iranian Airline

EghtesadOnline: The US Treasury Department has slapped sanctions on a Malaysia-based sales agent for having links with Mahan Air, an Iranian airline blacklisted by Washington.

News ID: ۷۸۳۲۲۷

11 July 2018

Announcing this in a statement on Monday, the department said Mahan Travel and Tourism was sanctioned as it enabled Mahan Air’s international operations, especially for “conducting financial transactions on behalf of the airline”, Malaysian news agency BERNAMA reported.

“As a result of today’s action, all property and interests in property of Mahan Travel and Tourism Sdn Bhd that are or come within US jurisdiction are blocked,” the department’s statement read.

It said Mahan Air was designated in October 2011 to provide support for the Islamic Revolutionary Guards Corps’ Quds Force, according to Financial Tribune.

The latest move by the department will reportedly freeze all assets held by the designated entity in the US and generally, prohibit US individuals from doing business with it.

Washington has intensified sanctions against Iranian entities and individuals following US President Donald Trump’s decision to exit the Iran nuclear deal in May, a move widely criticized by the international community.