• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Digital News Updates
  • Home
  • News
  • Politics
  • Business

Treasury Sanctions Iranian Network

January 3, 2026

WASHINGTON — The U.S. Treasury Department, Commerce Department, and FBI’s Los Angeles Field Office moved against an Iran-based procurement network that impersonated American small businesses to fraudulently obtain restricted technology for Iran’s Ministry of Defense and Armed Forces Logistics, federal officials announced.

Treasury’s Office of Foreign Assets Control designated multiple individuals and entities connected to the scheme, which officials said defrauded dozens of U.S. information technology companies, resellers, and vendors out of millions of dollars while illegally funneling restricted goods to Iran’s defense enterprise.

At the center of the network was Ali Majd Sepehr, who operated through his Iranian company Sorena Hushmand Samaneh Company. Prosecutors alleged Sepehr created fraudulent domains designed to impersonate legitimate U.S. businesses, using them to purchase network security and encryption software and hardware from American vendors under false pretenses. Among the items Sepehr attempted to source were spectrum analyzers and non-linear junction detectors, sought on behalf of a Ministry of Defense-controlled Iranian entity known as SAAFTA.

Sepehr conspired with Iranian national Mohammadali Mansour Darehshiri, who served as an intermediary and paid U.S. freight forwarders to store and ship fraudulently obtained goods from the United States to the United Arab Emirates. Darehshiri used two Dubai-based front companies — Green Light Computer Co LLC and Al Kawther Neon LLC — to receive the shipments before arranging their re-export to Iran. Italy-based Iranian national Saied Zahedi used a U.S. financial account to pay for domain registration services used in the impersonation scheme and to fund freight forwarding warehouses.

Treasury Secretary Scott Bessent said the scheme illustrated the lengths to which the Iranian regime was willing to go to support its military activities, and pledged continued use of all available authorities to cut off Iran’s access to the global financial system.

As a result of the designations, all property and interests in property of the named individuals and entities within U.S. jurisdiction were frozen. U.S. persons are broadly prohibited from engaging in transactions with the blocked parties. Treasury also warned that foreign financial institutions facilitating Iranian commerce, including those connected to Chinese oil refineries purchasing Iranian crude, could face secondary sanctions.

The State Department’s Rewards for Justice program separately offered a reward of up to $15 million for information leading to the disruption of the financial mechanisms of Iran’s Islamic Revolutionary Guard Corps and its affiliates.

By: Digital News Updates Newswire

Filed Under: News

Related Articles:

  • Montana Secures $4.8 Million to Expand Workforce Training in High-Demand Industries
  • Idaho General Fund Revenue Tops Forecast by $90 Million in First Quarter
  • Montana State University’s annual research spending grows 7% to top $300 million for the first time
  • A New Y2K Moment: What the Threat of Frontier AI Tells Us about Enterprise Modernization
  • Montana State doctoral student receives inaugural fellowship for human health researchers
  • Attorney General Sues OpenAI Over Alleged Risks to Children and Teens

Primary Sidebar

— Advertisement —

Digital News Updates Logo

Recent News Posts

  • A New Y2K Moment: What the Threat of Frontier AI Tells Us about Enterprise Modernization
  • Montana Secures $4.8 Million to Expand Workforce Training in High-Demand Industries
  • UM College of Business Earns Top National Ranking
  • Flathead Valley Community College Approves Contract for New President

Recent Politics Posts

  • Liberal Groups Criticize Idaho Voting Laws Over Registration Requirements
  • Poll: Inflation tops voter concerns, national debt near the bottom
  • Billings City Council Votes to Sell Lampman Park for $834,000 Housing Development
  • White House Report Estimates $49 Trillion Cost of Democratic Socialist Policies

Recent Business Posts

  • How much is the NFL worth? Inside America’s most valuable sports league
  • How American defense companies can stay competitive in today’s global environment
  • Financial officers warn rating agencies about using ESG in state credit ratings
  • Cboe Names Catherine Grover Chief Human Resources Officer

Copyright © 2026 Digital News Updates, All Rights Reserved.