Economic Fury Targets Iranian Network Defrauding U.S. Firms to Supply Tehran’s Military

WASHINGTON—Today, as part of Economic Fury, and in coordination with the U.S. Department of Commerce and Federal Bureau of Investigation’s Los Angeles Field Office, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against an Iran-based procurement network that impersonated and defrauded U.S. companies in order to procure restricted goods for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and other sanctioned Iranian end users. MODAFL is responsible for research, development, and manufacturing across Iran’s defense enterprise.“The Iranian military’s brazen efforts to target and deceive American businesses demonstrate just how far the regime is willing to go to support its malign activities,” said Secretary of the Treasury Scott Bessent.