Obama Administration Slaps New Sanctions on Iran’s Revolutionary Guard

By Lindsey Ellerson

Feb 10, 2010 12:09pm

ABC News' Matthew Jaffe reports: The Obama administration Wednesday slapped new sanctions on Iran's Islamic Revolutionary Guard Corps. The Treasury Department banned US transactions with four companies and an individual affiliated with the Revolutionary Guard, as well as freezing any assets under US control. The chief target of the actions was Khatam al-Anbiya Construction Headquarters, which in 1997 was designated an arm of the Revolutionary Guard. IRGC General Rostam Qasemi, the commander of the construction company, was targeted for helping the Guard generate income and fund its operations, Treasury said. Four subsidiaries were also hit with sanctions: Fater Engineering Institute, Imensazen Consultant Engineers Institute, Makin Institute, and Rahab Institute. In a statement, Treasury's Under Secretary for Terrorism and Financial Intelligence Stuart Levey said, "As the IRGC consolidates control over broad swaths of the Iranian economy, displacing ordinary Iranian businessmen in favor of a select group of insiders, it is hiding behind companies like Khatam al-Anbiya and its affiliates to maintain vital ties to the outside world." "Today's action exposing Khatam al-Anbiya subsidiaries will help firms worldwide avoid business that ultimately benefits the IRGC and its dangerous activities," Levey said. – Matthew Jaffe

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