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July 5, 2021 06:21:59 pm
The US Department of the Treasury on Friday removed sanctions on three Iranians, but stated that the move did not reflect a change in its sanctions policy toward Iran.
The department announced that it had removed Behzad Ferdows, Mehrzad Ferdows and Mohammad Reza Dezfulian from the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list. This means that they are no longer blocked under Executive Order 13382.
The Treasury originally imposed sanctions on the three men in September 2020. Behzad Ferdows and Mehrzad Ferdows were placed on the list for acting on behalf of the Iranian manufacturer Mammut Industries. Mohammad Reza Dezfulian was placed on the list for acting on behalf of Mammut Industries’ subsidiary, Mammut Diesel. Both Mammut Industries and Mammut Diesel had previously been placed on the SDN list. As part of the sanctions, the US froze the assets of each individual and barred US citizens from conducting business wit
Treasury awards $9.9 million to seven Iowa CDFIs through Rapid Response Program
BY BUSINESS RECORD STAFF Wednesday, June 16, 2021 3:20 PM The U.S. Department of the Treasury on Tuesday awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions, including seven CDFIs in Iowa that collectively received $9,917,445. The awards, announced by Vice President Kamala Harris at the White House with Treasury Secretary Janet Yellen, are being made through Treasury’s CDFI Rapid Response Program with the goal of providing additional capital for the organizations to respond to economic challenges created by the COVID-19 pandemic, particularly in underserved communities. “In serving places that the financial sector historically hasn’t served well, CDFIs lift our whole economy up,” Yellen said in a press statement. “We know that for every dollar injected into a CDFI, it catalyzes eight more dollars in private-sector i
The US Department of the Treasury on Wednesday slapped sanctions on the daughter of Nicaraguan President Daniel Ortega and a top army official, a day after the arrests of two more potential opposition candidates for the presidency.
The US said that the sanctions are intended to force the Ortega regime to return to democratic procedures.
Ortega’s daughter Camila Ortega Murillo became the 31st official or relative of the Ortega regime to have their US assets blocked since 2017.
The sanctions also prohibit US citizens from dealing with them.
Also sanctioned were the leader of Ortega’s Sandinista party in the Nicaraguan Congress, the head of