U.S. Imposes New Iran-Related Sanctions on 16 People and 10 Entities

The U.S. Treasury Department's Office of Foreign Assets Control added 16 people and 10 entities to its sanctions list under its Iran-related program on October 15. The designations include International Development Bank for Investment and Finance, also listed as Iraq Development Bank, in Baghdad. Chabahar International Bank Overseas Company in Chabahar and Jazireh International Bank Company in Kish, both in Iran, are also named. The additions also cover several exchange companies, including Abolhasan Jalali and Partners Exchange Company and Bavi and Partners Exchange Company.