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| U.S. Treasury Blacklists Iran Sanctions-Busting Ring |
| 2013-09-07 |
| [An Nahar] The U.S. Treasury blacklisted Friday a key Iranian businessman and five others whom it said were trying to help Iran circumvent international sanctions to export oil. The Treasury identified a Seyed Seyyedi, the director of Sima General Trading, as a key player in the network that includes Greek shipowner Dimitris Cambis, the National Iranian Oil Company (NIOC) and the Naftiran Intertrade Company Sarl (NICO). Seyyedi, it said, controls a number of companies in the United Arab Emirates that have been "used by him to assist NICO and NICO front companies, such as Sima General Trading, in its sanctions evasion schemes." The others blacklisted, four Iranians and one Iran-born British citizen who work for NICO and NIOC-linked firms, were named as helping Tehran in its efforts to beat sanctions. "In its efforts to evade sanctions, the government of Iran relies on front companies, financial institutions and businessmen willing to engage in deceptive transactions to conceal the direct involvement of the Iranian government and its instrumentalities," the Treasury said in a statement. |
| Posted by:Fred |