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Last Update: 1 Day and 21 Hour and 10 Minute ago
News code: 25999
Published Date: Tuesday 10 July 2018 - 07:55:01
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OFAC designates Mahan Air Service Provider

OFAC designates Mahan Air Service Provider
IRAN  - Today the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Mahan Travel and Tourism Sdn Bhd, a Malaysia-based General Sales Agent (GSA), for acting for or on behalf of Mahan Air, an Iranian airline.

GSAs such as Mahan Travel and Tourism Sdn Bhd are key to enabling Mahan Air's international operations, especially in regards to conducting financial transactions on behalf of the airline, the US treasury claimed.

OFAC had previously designated Mahan Air under baseless claims of connection with Iran's support for international terrorism.

A GSA is an agent that provides services on behalf of an airline under the airline's brand. There are several types of services and support that GSAs typically offer on behalf of airlines, such as: sales and marketing, freight reception and handling, airport warehouse and ramp supervision, administrative services, and financial services.

News Code: 25999
Published Date: Tuesday 10 July 2018 - 07:55:01
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