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6/2/2010 4:13:27 PM
Drug Kingpin Mohamed Bachir Suleman Listed on OFAC

June 1, 2010 Source: OFAC


Office of Foreign Assets Control (OFAC) designated Grupo MBS Limitada, Grupo MBS – Kayum Centre, and Maputo Shopping Centre as Specially Designated Narcotics Traffickers for being owned or controlled by Suleman. Today's action freezes any assets the three entities may have under U.S. jurisdiction and prohibits U.S. persons from conducting financial or commercial transactions with them. Also pursuant to the Kingpin Act, Treasury's Office of Foreign Assets Control (OFAC) designated Grupo MBS Limitada, Grupo MBS – Kayum Centre, and Maputo Shopping Centre as Specially Designated Narcotics Traffickers for being owned or controlled by Suleman. Today's action freezes any assets the three entities may have under U.S. jurisdiction and prohibits U.S. persons from conducting financial or commercial transactions with them.

"Mohamed Bachir Suleman is a large-scale narcotics trafficker in Mozambique, and his network contributes to the growing trend of narcotics trafficking and related money laundering across southern Africa," said OFAC Director Adam J. Szubin. "Today's designation builds upon the President's identification of Suleman by exposing three of his businesses and applying further financial sanctions against his narcotics trafficking network."

The following individuals have been added to OFAC's SDN list:


ALIZAI, Haji Agha Jan (a.k.a. ALIZAI, Agha Jan), Musa Qala, Helmand, Afghanistan; Dand Chowk, Kandahar City, Afghanistan; DOB 15 Oct 1963; alt. DOB 14 Feb 1973; alt. DOB circa 1957; POB Khandahar, Afghanistan; alt. POB Helmand, Afghanistan; nationality Afghanistan (individual) [SDNTK]

BANDO, Haji; DOB 1971; POB Afghanistan; citizen Afghanistan; nationality Afghanistan (individual) [SDNTK]

CONTE, Ousmane (a.k.a. CONTE, Ousman); DOB 9 Sep 1963; citizen Guinea; nationality Guinea; Diplomatic Passport 00085498 (Guinea) (individual) [SDNTK]

SULEMAN, Mohamed Bachir (a.k.a. SULEIMAN, Momad Bachir; a.k.a. SULEMAN, Momade Bachir; a.k.a. SULEMANE, Mohamed Bachir), c/o GRUPO MBS - KAYUM CENTRE, Maputo, Mozambique; c/o GRUPO MBS LIMITADA, Maputo, Mozambique; c/o MAPUTO SHOPPING CENTRE, Maputo, Mozambique; DOB 28 Apr 1958; POB Nampula, Mozambique; Passport AC036215 (Mozambique); alt. Passport AB030890 (Mozambique); alt. Passport AA109572 (Mozambique); alt. Passport AA261051 (Mozambique); alt. Passport AA291051 (Mozambique) (individual) [SDNTK]

VILLARREAL BARRAGAN, Sergio Enrique (a.k.a. VILLAREAL BARRAGAN, Sergio; a.k.a. VILLARREAL BARRAGAN, Sergio), Mazatlan, Sinaloa, Mexico; Torreon, Coahuila, Mexico; Cuernavaca, Morelos, Mexico; DOB 21 Sep 1969; POB Torreon, Coahuila, Mexico; citizen Mexico; nationality Mexico; C.U.R.P. VIBS690921HCLLRR01 (Mexico) (individual) [SDNTK]


The following entities have been added to OFAC's SDN list:


GRUPO MBS - KAYUM CENTRE, Avenida Karl Marx 1464/82, Maputo, Mozambique; P.O. Box 2274, Maputo, Mozambique; Numero Unico de Identificacao Tributaria (NUIT) 300000436 (Mozambique) [SDNTK]

GRUPO MBS LIMITADA (a.k.a. GRUPO MBS LDA), Avenida Vlademir Lenin 2836, Maputo, Mozambique; Avenida Karl Marx 1464/82, Maputo, Mozambique; P.O. Box 2274, Maputo, Mozambique; Avenida 24 de Julho, Maputo, Mozambique; Benefica, Maputo, Mozambique; Numero Unico de Identificacao Tributaria (NUIT) 300000436 (Mozambique) [SDNTK]

MAPUTO SHOPPING CENTRE, Rua Marques de Pombal 85, Maputo, Mozambique [SDNTK]

6/9/2010 12:15:17 PM
Int'l Narcotics Trafficking La Familia Michoacana

Source: OFAC June 9, 2010


WASHINGTON – The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today designated two individuals and two entities linked to the international drug trafficking organization La Familia Michoacana as Specially Designated Narcotics Traffickers (SDNTs).  Today's designation targets Wenceslao Álvarez Álvarez (a.k.a. Wencho), frontman Ignacio Mejia Gutierrez, and two entities, Mega Empacadora de Frutas, S.A. de C.V. and Importaciones y Exportaciones Nobaro, S.A. de C.V.  This action was taken pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), which prohibits U.S. persons from conducting financial or commercial transactions with these individuals and entities and freezes any assets the designees may have under U.S. jurisdiction.



"For years, Wenceslao Álvarez Álvarez has operated an extensive drug trafficking network running from Colombia to Atlanta, Georgia," said OFAC Director Adam J. Szubin. "Today's designation of his financial network builds on OFAC's efforts to combat Mexican drug cartels operating on both sides of the border and deny these organizations access to the U.S. financial system."   



Wenceslao Álvarez Álvarez was a significant drug trafficker within La Familia Michoacana, which was identified as a significant foreign narcotics trafficker by President Obama on April 15, 2009. Wenceslao Álvarez Álvarez was an active member of the Gulf Cartel before aligning himself with La Familia Michoacana, and he also had close ties to Los Zetas.  He was responsible for trafficking large amounts of cocaine and marijuana from Colombia and Mexico to the United States, with its primary destination being Atlanta, Georgia.  His frontman, Ignacio Mejia Gutierrez, managed Mega Empacadora de Frutas S.A. de C.V., a fruit company located in Michoacán, Mexico.  The other company designated today, Importaciones y Exportaciones Nobaro S.A. de C.V., is a front company owned and controlled by Wenceslao Álvarez Álvarez. In October 2008, Mexican authorities arrested both Wenceslao Álvarez Álvarez and Ignacio Mejia Gutierrez. 



Today's action, taken in cooperation with the Drug Enforcement Administration's (DEA) Mexico Country Office and the Special Operations Division, is part of Treasury's ongoing efforts under the Kingpin Act to apply financial measures against significant foreign narcotics traffickers worldwide.  Internationally, OFAC has designated more than 700 individuals and entities linked to 87 drug kingpins since June 2000.  Penalties for violations of the Kingpin Act range from civil penalties of up to $1.075 million per violation to more severe criminal penalties.  Criminal penalties for corporate officers may include up to 30 years in prison and fines up to $5 million.  Criminal fines for corporations may reach $10 million.  Other individuals face up to 10 years in prison and fines pursuant to Title 18 of the United States Code for criminal violations of the Kingpin Act.


REPORTS

6/9/2010 12:41:35 PM
SDN List Updated June 9, 2010

















06/09/2010


The following individuals have been added to OFAC's SDN list:

ALVAREZ ALVAREZ, Wenceslao (a.k.a. ALVAREZ ALVAREZ, Dobel; a.k.a. ALVAREZ ALVAREZ, Wenchin; a.k.a. ALVAREZ ALVAREZ, Wencho; a.k.a. ALVAREZ ALVAREZ, Wencholin), Avenida Circuito Mexico Numero 1204 L-29, Colonia Las Americas Britania, Morelia, Michoacan CP 58270, Mexico; Calle Articulo 123 Numero 103, Colonia Centro, Nueva Italia, Michoacan, Mexico; Calle Ignacio Allende , S/N Casi Esquina Con Lazaro Cardenas Norte, Nueva Italia, Michoacan, Mexico; Esquina de Ignacio Allende Numero y Lazaro Cardenas Norte Numero 500, Nueva Italia, Michoacan, Mexico; Esquina de la Calle Vicente Guerrero y Plan de Iguala Numero 74, Colonia Libertad, Nueva Italia, Michoacan, Mexico; DOB 13 Jun 1972; POB Mugica, Michoacan, Mexico; citizen Mexico; nationality Mexico; C.U.R.P. AAAW720613HMNLLN02 (Mexico) (individual) [SDNTK]

MEJIA GUTIERREZ, Ignacio (a.k.a. MEJIA GUTIERREZ, Nacho; a.k.a. MEJIA GUTIERREZ, Ygnacio), Colonia La Estacion, Nueva Italia, Michoacan CP 61760, Mexico; DOB 23 Apr 1946; POB Ziracuetrio, Michoacan, Mexico; citizen Mexico; nationality Mexico; C.U.R.P. MEGI460423HMNJTG04 (Mexico) (individual) [SDNTK]


The following entities have been added to OFAC's SDN list:

IMPORTACIONES Y EXPORTACIONES NOBARO S.A. DE C.V., Avenida Lazaro Cardenas Numero 730, Nahuatzen, Michoacan, Mexico; Francisco I Madero Numero 105, Colonia Centro, Mugica, Michoacan, Mexico; Calle Rafael Gomez Campos Numero 249, Colonia El Carrierl, Mugica (Nueva Italia), Michoacan, Mexico; Esquina de Ignacio Allende Numero y Lazaro Cardenas Norte Numero 500, Nueva Italia, Michoacan, Mexico; Calle Ignacio Allende S/N Casi Esquina Con Lazaro Cardenas Norte, Nueva Italia, Michoacan, Mexico [SDNTK]

MEGA EMPACADORA DE FRUTAS S.A. DE C.V., Carretera Nueva Italia-Uruapan, Kilometro 2, Colonia La Estacion , Nueva Italia, Michoacan CP 61760, Mexico; R.F.C. MEF9603051L4 (Mexico) [SDNTK]

 
6/9/2010 4:06:34 PM
Another Fine for Pamrapo- $1 Million CMP

Click on the attachment to read about their entire program defaults.   


 


 


$1 Million Penalty Assessed Against Pamrapo Savings for Bank Secrecy Act Violations

VIENNA, Va. –



The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a civil money penalty (CMP) of $1 million against Pamrapo Savings Bank, S.L.A., of Bayonne, N.J. for violating requirements under the Bank Secrecy Act (BSA). Pamrapo’s lack of internal controls combined with unqualified BSA compliance personnel, relatively non-existent training and deficient independent testing resulted in a wholly ineffective BSA compliance program which, in turn, resulted in the failure to file a substantial number of currency transaction and suspicious activity reports in an accurate and timely manner. Pamrapo Savings Bank, without admitting or denying the allegations, consented to payment of the civil money penalty.

6/11/2010 11:19:28 AM
Anti-Narcotics Designations Removals

06/10/2010


The following deletions have been made to OFAC's SDN list:

BUENO GUERRERO, Alfonso, c/o APOYOS DIAGNOSTICOS S.A., Tulua, Valle, Colombia; c/o CLINICA SAN FRANCISCO S.A., Tulua, Valle, Colombia; Carrera 52 No. 33-84, Tulua, Valle, Colombia; Carrera 45 No. 4A-10, Cali, Colombia; DOB 17 Sep 1941; POB Tulua, Valle, Colombia; citizen Colombia; nationality Colombia; Cedula No. 17056503 (Colombia) (individual) [SDNT]

CARRILLO RODRIGUEZ, Luis Miguel, c/o VUELA PERU S.A.C., Lima, Peru; Orion 130, Ventanilla Naval, Callao, Peru; DOB 01 Dec 1961; LE Number 25693716 (Peru) (individual) [SDNTK]

FLORES MONROY, Julio Cesar (a.k.a. FLORES, Julio C.), C. Azteca 0, Col. Azteca, Tijuana, Baja California CP 22000, Mexico; Calle Granito No. 2025, Seccion El Dorado, Fraccionamiento Playas de Tijuana, Tijuana, Baja California, Mexico; Calle Granito No. 602, Seccion El Dorado, Fraccionamiento Playas de Tijuana, Tijuana, Baja California, Mexico; c/o KONTROLES ELECTRONICOS DE BAJA CALIFORNIA, S.A. DE C.V., Ave. Azueta 11750, Col. Libertad, Tijuana, Baja California CP 22400, Mexico; c/o ACCESOS ELECTRONICOS, S.A. DE C.V., Calle David Alfaro Siqueiros 2789 #201, Col. Zona Rio, Tijuana, Baja California, Mexico; DOB 13 Jul 1944; POB Guadalajara, Jalisco, Mexico; Immigration No. A07268659 (United States) (individual) [SDNTK]

FLORES, Julio C. (a.k.a. FLORES MONROY, Julio Cesar), C. Azteca 0, Col. Azteca, Tijuana, Baja California CP 22000, Mexico; Calle Granito No. 2025, Seccion El Dorado, Fraccionamiento Playas de Tijuana, Tijuana, Baja California, Mexico; Calle Granito No. 602, Seccion El Dorado, Fraccionamiento Playas de Tijuana, Tijuana, Baja California, Mexico; c/o KONTROLES ELECTRONICOS DE BAJA CALIFORNIA, S.A. DE C.V., Ave. Azueta 11750, Col. Libertad, Tijuana, Baja California CP 22400, Mexico; c/o ACCESOS ELECTRONICOS, S.A. DE C.V., Calle David Alfaro Siqueiros 2789 #201, Col. Zona Rio, Tijuana, Baja California, Mexico; DOB 13 Jul 1944; POB Guadalajara, Jalisco, Mexico; Immigration No. A07268659 (United States) (individual) [SDNTK]

GAVIRIA DE INDABURU, Gloria Ines (a.k.a. GAVIRIA RUEDA, Gloria Ines), c/o COMERCIALIZADORA MOR GAVIRIA S.A., Quito, Ecuador; c/o INTERNACIONAL DE PROYECTOS INMOBILIARIOS S.A., Quito, Ecuador; POB Colombia; Cedula No. 41576358 (Colombia); alt. Cedula No. 1719011601 (Ecuador); RUC # 1233779 (Ecuador) (individual) [SDNT]

GAVIRIA RUEDA, Gloria Ines (a.k.a. GAVIRIA DE INDABURU, Gloria Ines), c/o COMERCIALIZADORA MOR GAVIRIA S.A., Quito, Ecuador; c/o INTERNACIONAL DE PROYECTOS INMOBILIARIOS S.A., Quito, Ecuador; POB Colombia; Cedula No. 41576358 (Colombia); alt. Cedula No. 1719011601 (Ecuador); RUC # 1233779 (Ecuador) (individual) [SDNT]

INDABURU LUENGAS, Pedro Enrique, c/o COMERCIALIZADORA MOR GAVIRIA S.A., Quito, Ecuador; c/o COMERCIALIZADORA MORDUR S.A., Quito, Ecuador; c/o INTERNACIONAL DE PROYECTOS INMOBILIARIOS S.A., Quito, Ecuador; DOB 29 Jun 1948; POB Bogota, Colombia; Cedula No. 19074171 (Colombia); alt. Cedula No. 1719011619 (Ecuador); RUC # 171901161-9 (Ecuador) (individual) [SDNT]

OLIVEROS GUZMAN, Henry, c/o INVERSIONES MPS S.A., Bogota, Colombia; c/o MAYOR COMERCIALIZADORA LTDA., Bogota, Colombia; c/o MOR ALFOMBRAS ALFOFIQUE S.A., Bogota, Colombia; c/o GERENCIA DE PROYECTOS Y SOLUCIONES LTDA., Bogota, Colombia; c/o HOTEL LA CASCADA S.A., Girardot, Colombia; c/o PARQUE ECOLOGICO RECREACIONAL DE LAS AGUAS DE GIRARDOT LIMITADA, Girardot, Colombia; POB Colombia; Cedula No. 79484051 (Colombia) (individual) [SDNT]

ROJAS VARGAS, Alberto, c/o COLFARMA PERU S.A., Lima, Peru; c/o ESPIBENA S.A., Quito, Ecuador; c/o FARFALLA INVESTMENT S.A., Panama City, Panama; Cedula No. 13922413 (Colombia) (individual) [SDNT]
6/11/2010 11:26:46 AM
MSB List Updated as of May 18, 2010

Source: FinCEN


 


This new May 2010 List, which is current as of May 18, 2010, contains data on 42,699 registered MSBs. This is an increase of 497 MSB registrations from the April, 2010 total of 42,202. See attached document.

6/11/2010 11:32:33 AM
Law Enforcement Information Sharing June 2010

 


Law Enforcement Information Sharing with the Financial Industry report and numbers availabel as of June 1, 2010. Reprot contains the date, case number, and number of persons of interest.


Link: http://fincen.gov/statutes_regs/patriot/pdf/leinfosharing.pdf

6/11/2010 11:35:37 AM
314a Fact Sheet-June 1, 2010

Source: FinCEN


314a Fact Sheet released June 1, 2010. 


http://fincen.gov/statutes_regs/patriot/pdf/314afactsheet.pdf


To date, the 314(a) process already has proved to be successful, as illustrated below. Results have yielded productive leads for both terrorist financing and money laundering investigations. The immediate matches have, for example, led to the identification of new accounts, transactions, indictments, etc. and enabled law enforcement to efficiently direct its use of legal processes to promptly obtain critical evidence in numerous cases. Examples of 314(a) requests, based on money laundering, include:


• Hawala operation involving a sanctioned country


• Arms trafficking


• Alien smuggling resulting in fatalities


 


• Cigarette smuggling


• Nationwide investment fraud with many victims


• International criminal network involved in identity theft and wire fraud


• Multi-agency investigation of drug trafficking rings


Results


To date, the 314(a) Program Office has processed 1190 requests pertinent to the following significant criminal investigations:


Terrorism/Terrorist Financing – 340 cases


Money Laundering – 850 cases


These requests included 11,577 subjects of interest. Of these, financial institutions have responded with 77,291 total subject matches: 76,253 positive and 1,038 inconclusive.


Feedback from Law Enforcement


Based upon the fifty-one percent of 314(a) feedback that has been received from the law enforcement requesters, the following information has been provided. The aggregate numbers yielded from all of the feedback responses factored by the number of related requests, reveal that, on the average, there were:


8.5 New Accounts Identified per request


14.4 New Transactions Identified per request


7.6 Follow up initiatives taken by Law Enforcement with Financial Institutions per request

6/11/2010 11:38:15 AM
314(a) direct match

Karie,


We would like to answer for you and provide best practices; therefore, moved to the section under Ask the AMLA Expert.


Mary Meile 

6/15/2010 3:13:38 PM
EU and US draft agreement on bank data transfers

Please see the attached document. This is good news for the banks as we will be able to trace international transactions that might be related to terrorist activity funds.  

6/16/2010 11:53:09 AM
US Gang Data by State and Ranges by County

Source: National Drug Threat Assessment Report 2010


Gang Membership by County Click on the link to view the US MAP


http://www.justice.gov/ndic/pubs38/38661/images/mapA4.jpg


U.S. map showing gang membership ranges by county.


The states that have counties with 10,001 or more gang members are California, Arizona, and Illinois.


The states that have counties with 3,501 to 10,000 gang members are Washington, California, Nevada, Arizona, Utah, New Mexico, Texas, Oklahoma, Missouri, Florida, Tennessee, Illinois, Michigan, Ohio, New Jersey, and New York.


The states that have counties with 2,501 to 3,500 gang members are California, Nevada, Nebraska, Kansas, Texas, Minnesota, Missouri, Arkansas, Alabama, Georgia, Florida, South Carolina, North Carolina, Wisconsin, Illinois, Michigan, Indiana, New Jersey, New York, and Massachusetts.


The states that have counties with 501 to 2,500 gang members are Washington, Oregon, California, Nevada, Arizona, Utah, Colorado, New Mexico, Texas, Oklahoma, Kansas, Nebraska, Minnesota, Iowa, Arkansas, Louisiana, Mississippi, Alabama, Georgia, Florida, South Carolina, North Carolina, Tennessee, Virginia, Wisconsin, Illinois, Indiana, Ohio, Michigan, Maryland, Pennsylvania, New Jersey, New York, Connecticut, Massachusetts, and Hawaii.


All states have at least one county with 1 to 500 gang members.


All states have at least one county with 0 gang members except for Arizona, Connecticut, Rhode Island, and Massachusetts.


All states and Puerto Rico have at least one county that did not report gang members except for New Hampshire, Rhode Island, Maryland, Delaware, and New Jersey.

6/16/2010 12:12:40 PM
Map of Greatest Drug Threat-Region-State and Local

Source: National Drug Threat Assessment Report 2010  Click on the link for the Map and Stats.


http://www.justice.gov/ndic/pubs38/38661/images/mapA5.jpg


U.S. map with charts showing the greatest drug threat, by region, for 2009, as reported by state and local agencies.


In the Pacific region, 5.5% of state and local agencies reported cocaine as the greatest drug threat; 1.3% reported heroin as the greatest drug threat; 79.5% reported methamphetamine as the greatest drug threat; 5.7% reported marijuana as the greatest drug threat; and 7.2% reported controlled prescription drugs as the greatest drug threat.


In the West Central region, 19.3% of state and local agencies reported cocaine as the greatest drug threat, 4.8% reported heroin as the greatest drug threat; 60.3% reported methamphetamine as the greatest drug threat; 7.9% reported marijuana as the greatest drug threat; and 7.3% reported controlled prescription drugs as the greatest drug threat.


In the Southwest region, 23.8% of state and local agencies reported cocaine as the greatest drug threat, 2.6% reported heroin as the greatest drug threat; 57.0% reported methamphetamine as the greatest drug threat; 12.0% reported marijuana as the greatest drug threat; and 3.2% reported controlled prescription drugs as the greatest drug threat.


In the Southeast region, 60.2% of state and local agencies reported cocaine as the greatest drug threat, 1.1% reported heroin as the greatest drug threat; 22.8% reported methamphetamine as the greatest drug threat; 5.3% reported marijuana as the greatest drug threat; and 9.6% reported controlled prescription drugs as the greatest drug threat.


In the Great Lakes region, 38.8% of state and local agencies reported cocaine as the greatest drug threat, 16.8% reported heroin as the greatest drug threat; 15.0% reported methamphetamine as the greatest drug threat; 15.7% reported marijuana as the greatest drug threat; and 12.7% reported controlled prescription drugs as the greatest drug threat.


In the Mid-Atlantic region, 40.0% of state and local agencies reported cocaine as the greatest drug threat, 30.9% reported heroin as the greatest drug threat; 2.0% reported methamphetamine as the greatest drug threat; 14.5% reported marijuana as the greatest drug threat; and 12.3% reported controlled prescription drugs as the greatest drug threat.


In the Florida/Caribbean region, 62.1% of state and local agencies reported cocaine as the greatest drug threat, 0.4% reported heroin as the greatest drug threat; 10.2% reported methamphetamine as the greatest drug threat; 9.4% reported marijuana as the greatest drug threat; and 17.9% reported controlled prescription drugs as the greatest drug threat.


In the New York/New Jersey region, 40.6% of state and local agencies reported cocaine as the greatest drug threat, 27.8% reported heroin as the greatest drug threat; 0.0% reported methamphetamine as the greatest drug threat; 23.0% reported marijuana as the greatest drug threat; and 8.0% reported controlled prescription drugs as the greatest drug threat.


In the New England region, 29.6% of state and local agencies reported cocaine as the greatest drug threat, 39.2% reported heroin as the greatest drug threat; 0.8% reported methamphetamine as the greatest drug threat; 16.2% reported marijuana as the greatest drug threat; and 13.9% reported controlled prescription drugs as the greatest drug threat.


Source: National Drug Intelligence Center's National Drug Threat Survey 2009.

6/16/2010 12:21:07 PM
Gangs with Significant Influence-U.S. Drug Market

Source: United States Department of Justice, Attorney General's Report to Congress on Growth of Violent Street Gangs, in Suburban Areas, April 2000; High Intensity Drug Trafficking Area reporting.


See Attached.

6/17/2010 11:40:27 AM
US Sanctions Against Iran's Nuclear Program

Comments by Mary Meile: Please take the time to read the following points listed below as this is critical to understanding the strategy that the US is implementing in response to the UN Security Council meeting held last week regarding Iran's nuclear program.  If you are training on OFAC sanctions at your institution then you need to understand what has been added and WHY.  



First, we are designating Iran's Post Bank for its support of proliferation activities. This brings the number of Iranian-owned banks on our list to 16.


Second, we are adding five front companies and more than ninety ship names that Iran's national maritime carrier has been using to try and evade sanctions.


Third, we are adding two individuals and four entities that are part of Iran's Revolutionary Guard, which plays a key role in Iran's missile programs and support for terrorism.


Fourth, we are adding two individuals and two entities that are actively involved in Iran's nuclear or missile programs.


And finally, we are identifying 22 petroleum, energy and insurance companies – located inside and outside Iran – that are owned or controlled by the Iranian government.

6/17/2010 11:43:44 AM
Under Secretary Levy-IRAN Nuclear Program

Under Secretary Levey for Terrorism and Financial Intelligence
Stuart Levey
Remarks on Designations Targeting Iran’s Nuclear
and Missile Programs
June 16, 2010
As Prepared for Delivery


As Secretary Geithner said, we are taking a series of steps today to impose additional consequences on Iran for its continuing failure to meet its international obligations.     


First, we are sanctioning an additional Iranian bank, Post Bank.  At one time, Post Bank's business was conducted almost entirely within Iran.  But when some of Iran's largest banks were exposed for financing proliferation, Iran began to use Post Bank to facilitate international trade.  In fact, Post Bank stepped into the shoes of Bank Sepah, which is under UN sanctions, to carry out Bank Sepah's transactions and hide its identity.  International banks that would never deal with Bank Sepah have been handling these transactions that they think are really for Post Bank.


Second, we are taking action against Iran's national maritime carrier, IRISL.  Since we sanctioned IRISL in 2008, it has desperately attempted to evade those sanctions, setting up new front companies, renaming and even repainting vessels to hide their true ownership.  Despite its deceptive maneuvers, IRISL has had to struggle to obtain insurance and other services.  


Third, we are taking further action against the IRGC, or Islamic Revolutionary Guards Corps.  The IRGC plays a key role in Iran's missile program and support for terrorism and it has taken over broad portions of the Iranian economy, to the detriment of the Iranian people.  With today's designations, we have now sanctioned 26 entities and individuals connected to the IRGC, and we will continue to do so. No IRGC entity should have any place in the world's legitimate financial system.


Fourth, we are sanctioning two individuals and two entities for proliferation, including a key broker used by Iran to procure a variety of nuclear-related equipment. 


Finally, we are identifying 22 petroleum, energy, and insurance companies owned or controlled by the Government of Iran, including 17 located outside Iran and many that are not easily identifiable as Iranian.  Americans have long been forbidden to do business with Iranian entities.  Companies around the world are increasingly deciding not to do business with the government of Iran because of its illicit conduct and because, as President Obama said last week, it is a government "that brutally suppressed dissent and murdered the innocent."  The UN has also highlighted proliferation concerns surrounding Iran's energy sector, and all companies must be conscious of the implications of any trade they conduct with Iran's energy companies.


We know that officials in Iran have been anxious about this new round of sanctions.  If the Iranian Government holds true to form, it will scramble to identify "work-arounds" – hiding behind front companies, doctoring wire transfers, falsifying shipping documents.   We will continue to expose this deception thereby reinforcing the very reasons why the private sector is increasingly shunning Iran.


We will also work to ensure international sanctions are enforced.  In this regard, the State Department has dedicated a senior official, Bob Einhorn, to ensure that we accomplish this in cooperation with our friends and partners around the world.  We are fortunate to have someone of Bob's stature and experience working on this issue.


The overall result of these efforts is that Iran's choice will become increasingly clear – to choose the path offered by President Obama and the international community or to remain on a course that leads to further isolation.

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