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US Treasury Adds 11 New Entities and Individuals to Iran Sanctions List

US Treasury Adds 11 New Entities and Individuals to Iran Sanctions List”

The new sanctions come as the administration is set to waive sanctions related to the 2015 global nuclear agreement.

The U.S. Treasury Department imposed financial sanctions Thursday against 11 entities and people for supporting Iranian activity the Trump administration considers hostile, including cyber-attacks against U.S. financial institutions.

The seven Iranian nationals added to the Office of Foreign Assets Control sanctions list are the same ones indicted by the Justice Department in March 2016 for their role in coordinated cyberattacks against the us financial sector between 2011 and 2013. These Iranians worked on a Mersad botnet that targeted US corporations during DDoS attacks with malware and remote access hacks.

Two Ukrainian-based companies among entites sanctioned by the United States for "aiding designated Iranian and Iraqi airlines through the provision of aircraft and services", the Treasury's release said.

Seven individual Iranian citizens were also placed on the sanctions list - three are employees of ITSec Team and four work for for Mersad Co, another private security company that operated a botnet targeting 24 US corporations in 2012 and 2013, according to the US Treasury.

The move comes the same day as US Secretary of State Rex Tillerson said that he believes that Iran "is clearly in default of expectations" concerning the nuclear deal, reiterating Washington's stance that Tehran is allegedly not abiding by the deal, a claim the Islamic Repulic has strongly denied.

Both computer security companies are accused of coordinating DDoS attacks against 46 major companies, many of them part of the US financial sector, between December 2011 and May 2013. Foreign financial institutions that do business with them risk losing access to the USA financial system, according to the Treasury statement.



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