OFAC Delists UAE Company Originally Sanctioned for Ties to Iran
The Office of Foreign Assets Control last week removed sanctions from Sakan General Trading, also known as Royal Credit General Trading, a United Arab Emirates company sanctioned by the agency in 2019. The company was designated for providing currency exchange…
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support and financing for the currency exchange arm of Ansar Bank, a bank controlled by Iran's Islamic Revolutionary Guard Corps. An OFAC spokesperson didn't respond to a request for comment, and the agency didn't immediately release more information about the delisting.