Sanctions block assets of Iran-backed Iraqi groupp Kata’ib Al-Imam Ali, prohibit US nationals from dealing with them.
The US Treasury announced Thursday that it had added Kata’ib Al-Imam Ali, an Iran-backed group in neighboring Iraq, onto its sanctions list.
The department’s Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List was updated to include the Shia group
The sanctions block access to Kata’ib Al-Imam Ali’s assets and prohibit US nationals from dealing with them.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has assessed a $215,988,868 civil monetary penalty against GVA Capital Ltd. of San Francisco, California for violations of OFAC’s sanctions against Russia and for related reporting obligations. GVA Capital knowingly managed an investment for sanctioned Russian oligarch Suleiman Kerimov while aware of his blocked status. GVA Capital also failed to comply with an OFAC subpoena during OFAC’s investigation into this matter.
You can read additional information here on US Treasury Department’s official site.
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