The action targets actors in China and Hong Kong accused of helping Iran source goods and move payments for weapons procurement activities.
Treasury imposed sanctions on nine individuals and entities accused of supporting Iranian weapons procurement activities. The measures target actors based in China and Hong Kong who allegedly facilitated financial transactions and sourcing operations, underscoring the cross-border structure of networks used to obtain military-related goods for Iran. The move adds to U.S. pressure on overseas intermediaries that authorities say help sustain Iran’s procurement channels.