The U.S. Treasury Department has sanctioned several Chinese entities and individuals based in China for financing Iran-related terrorist activities. The Office of Foreign Assets Control (OFAC) of the Treasury Department posted on its website on Sept. 17 that it’s imposing sanctions on members of the networks that finance the terrorist organization Hezbollah in Lebanon and Kuwait. The United States has also sanctioned members of international financial facilitators and front company networks that provide financial support to Hezbollah and Iran. Several of the sanctioned companies are based in Hong Kong, including PCA Xiang Gang Ltd.; Damineh Optic Ltd.; China 49 Group Co. Ltd.; Taiwan Be Charm Trading Co., Ltd.; and Black Drop Intl Co., Ltd. Those companies are either directly or indirectly owned, controlled, or directed by Morteza Minaye Hashemi, an Iranian businessman living in China who’s also on the sanctions list. Hashemi is accused by the U.S. government of funding the Islamic …
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