Iranian Guards’ Company Managers Targeted by U.A.E.’s Sanctions

July 6 (Bloomberg) -- The managers of two companies that are part of Iran’s Revolutionary Guard Corps have had their bank accounts frozen in the United Arab Emirates in response to a fourth set of UN sanctions over the Iranian nuclear program, said the head of the Iran-U.A.E. Chamber of Commerce.

“Khatam al-Anbiya and their subsidiaries, and companies that they thought were involved in Iran’s atomic work, are on the list” of 41 individuals and entities subject to the emirates’ action, Masoud Daneshmand, head of the chamber, was cited today as saying by the state-run Iranian Students News Agency. “I didn’t see a private company on the list.”

The U.A.E.’s central bank asked financial institutions in the federation to freeze the accounts in compliance with United Nations Security Council sanctions passed on June 9, the Emirates Business 24/7 reported on June 28, citing a bank circular. There was no immediate response to a telephone call and an e-mail to the central bank seeking details of the list.

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