US sanctions Chinese entities, individuals for allegedly financing Iran-related terror activities

Several of the sanctioned companies are based in Hong Kong
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An exterior view of the building of US Department of the Treasury is seen on March 27, 2020 in Washington, DC.
Treasury Department
OLIVIER DOULIERY/AFP via Getty Images)

The Treasury Department has sanctioned several Chinese entities and individuals for allegedly financing Iran-related terrorist activities.

The agency's Office of Foreign Assets Control said Friday it is imposing sanctions on members of the networks that finance the terrorist organization Hezbollah in Lebanon and Kuwait, according to the Epoch Times.

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., the news outlet also reports.

The 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 Revolutionary Guard Corps-Quds Force, the Epoch Times also reports.