procedure

Financial sanctions, Iran relating to nuclear weapons

ID 25952

The HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities associated with the production of nuclear weapons in Iran pursuant to Statutory Instrument SI 2019/461, the „Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019“. Specifically, the OFSI informs that it has updated its sanction list by amending the records of one entity which remains subject to asset freezing measures. The affected firm is the following:
YA MAHDI INDUSTRIES GROUP
a.k.a: (1) O Madhi Mahdi Aircraft Manufacturing (2) Ya Madhi Mahdi AG Industrial (3) Ya-Madhi Mahdi Aircraft Manufacturing (4) YMA College (5) YMA Research & Industrial Complex Address: Khorasan Road, Lavisan, Parchin, P.O. Box 19395-4731, Tehran, Iran. Other Information: (UK Sanctions List Ref):INU0272. (UK Statement of Reasons):Ya Mahdi Industries Group is an involved person within the meaning of the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019. Ya Mahdi Industries Group is or has been responsible for engaging in, providing support for and facilitating the development of a nuclear weapon delivery system in, or for use in Iran. (Parent company):Aerospace Industries Organisation (AIO) Listed on: 18/10/2023 UK Sanctions List Date Designated: 18/10/2023 Last Updated: 15/11/2023 27/11/2023 Group ID: 16157.
The new consolidated sanction list may be accessed via this link.

Other Features
asset freezing
CPF
FATF High-Risk Jurisdictions
financial resources
sanctions
Date Published: 2023-11-27
Regulatory Framework: UK Sanctions
Regulatory Type: procedure
Asset Management
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