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Treasury Targets Vast Supreme Leader Patronage Network and Iran's Minister of Intelligence

Nov 19, 2020 - Targeted News Service
Board and Executive Moves

The U.S. Department of the Treasury issued the following news release on Nov. 18:

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) took action today against a key patronage network for the Supreme Leader of Iran, the Islamic Revolution Mostazafan Foundation (Bonyad Mostazafan, or the Foundation), an immense conglomerate of some 160 holdings in key sectors of Iran's economy, including finance, energy, construction, and mining. While Bonyad Mostazafan is ostensib...