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Home > BSA/AML & Consumer Protection > US sanctions Chinese company for working with Iranian airline
May26 - 20

US sanctions Chinese company for working with Iranian airline

Secretary of State Mike Pompeo announced on Tuesday that the United States will place sanctions on a Chinese company for its business with an Iranian airline designated by the U.S. as an entity that supports terrorism.

The U.S. has imposed sanctions on Shanghai Saint Logistics Limited, a company based in China, for providing general sales agent services to Mahan Air.

The Iranian airline is under U.S. sanctions for providing support to Iran’s Islamic Revolutionary Guard Corps, which President Trump designated a terrorist organization last year. Read the complete article HERE.

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