IRISL Group - International Sanctions

International Sanctions

IRISL is under sanctions by the United States, the United Nations, the European Union and other parties.

The United States implemented the first series of sanctions against IRISL in September 2008. Stuart Levey, the Under Secretary for Terrorism and Financial Intelligence, explained, "Not only does IRISL facilitate the transport of cargo for U.N. designated proliferators, it also falsifies documents and uses deceptive schemes to shroud its involvement in illicit commerce IRISL's actions are part of a broader pattern of deception and fabrication that Iran uses to advance its nuclear and missile programs. That conduct should give pause to any financial institution or business still choosing to deal with Iran."

The UN followed with sanctions against IRISL in June 2010 as part of United Nations Security Council Resolution 1929. The European Union implemented its own sanctions against IRISL a month later in July 2010.

In 2012, the United States moved to clamp down on IRISL's use of deceptive front companies to shield its activities.