By: Denise Simon | Founders Code
The Treasury Department has sanctioned several Chinese entities and individuals for allegedly financing Iran-related terrorist activities. The Treasury Department said the sanctions action would involve the seizure of US-based property of the individuals and entities and prohibit all transactions with them.
The agency’s Office of Foreign Assets Control said Friday it is imposing sanctions on members of the networks that finance the terrorist organization Hezbollah in Lebanon and Kuwait, according to The Epoch Times.
Several of the sanctioned companies are based in Hong Kong including PCA Xiang Gang Ltd.; Damineh Optic Ltd.; China 49 Group Co. Ltd.; Taiwan Be Charm Trading Co., Ltd.; and Black Drop Intl Co., Ltd., the news outlet also reports.
The companies are either directly or indirectly owned, controlled, or directed by Morteza Minaye Hashemi, an Iranian businessman living in China who’s also on the sanctions list.
Hashemi is accused by the U.S. government of funding the Islamic Revolutionary Guard Corps-Quds Force, the Epoch Times also reports.
In part: The seven entities include PCA Xiang Gang Limited, Damineh Optic Limited, China 49 Group Co, Taiwan Be Charm Trading Co, Black Drop International Co, Victory Somo Group (HK) Limited, and Yummy Be Charm Trading (HK) Limited, according to a press release on the Treasury Department website.