U.S. Treasury exposes an Iran procurement network accused of impersonating American businesses to source restricted technology for Tehran’s military

OFAC’s press release designates an Iran-based network that allegedly defrauded U.S. IT companies and vendors to procure network security, encryption and other restricted goods for Iran’s Ministry of Defense and Armed Forces Logistics and sanctioned end users. The action, co-ordinated with the U.S. Department of Commerce and the FBI’s Los Angeles Field Office, targets individuals and front companies in Iran, the UAE and Italy, and blocks their…