US adds 10 companies in Malta to Iran sanctions

By REUTERS
December 20, 2011 18:26

WASHINGTON - The US Treasury Department said on Tuesday it was expanding sanctions on Iran to include 10 "shipping and front companies and one individual based in Malta" affiliated with the Islamic Republic of Iran Shipping Lines (IRISL).

"As IRISL and its subsidiaries continue their deceptive efforts to escape the grasp of US and international sanctions, we will continue to take action - as we are today - to expose the front companies, agents and managers working with IRISL and work to stop this illicit business," David Cohen, U.S. Under Secretary for Terrorism and Financial Intelligence, said in a statement.

The move is part of a continuing US effort to stop Iran's nuclear weapons program by freezing the assets of individuals and companies that support the program and denying them access to the US financial system and commercial market.


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