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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has warned European parts suppliers that they risk being sanctioned given their continued surreptitious dealings with embargoed Iranian airlines.

In an advisory issued on Tuesday, July 23, warning all foreign entities of the potential consequences of doing business with Iran, OFAC said it had tracked cases wherein "European suppliers" with offices in Tehran, had instructed "Iranian airlines to remit payments to accounts in third countries" in order to by-pass US sanctions.

It did not name the firms involved.

Non-US individuals are banned from exporting goods, services, and technology to Iran or its government. No aircraft that contains more than 10% US-controlled content may be exported to the country while leases of aircraft are also banned.

"Foreign financial institutions that knowingly conduct or facilitate significant financial transactions for or on behalf of certain designated Iran-related persons — including IranAir, Mahan Air, Caspian Airlines, Meraj Air, Pouya Air Lines, Dena Airways, Al-Naser Airlines (Iraq), Syrianair, Dart Airlines...

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