One day after President Trump reluctantly certified that Iran has been complying with the terms of the Joint Comprehensive Plan of Action relating to its nuclear program, the U.S. Treasury Department sanctioned 16 entities and individuals for supporting the Iranian military and Iran’s Islamic Revolutionary Guard Corps. The designated entities are reported to have assisted in Iran’s development of unmanned aerial vehicles and military equipment, the production of fast attack boats, the procurement of electronic components in support of Iran’s military, and the theft of U.S. and western software programs. At the same time, the U.S. State Department designated two Iranian entities involved in the country’s ballistic missile program.
As a result, these entities and individuals have been added to the Treasury Department’s list of Specially Designated Nationals and Blocked Persons (SDNs), and their property and interests in property are blocked. U.S. persons are now generally prohibited from engaging in transactions with these (and any other) SDNs, and are also prohibited from engaging in transactions with entities 50 percent or more owned by such SDNs.