BY SAMUEL RUBENFELD
The U.S. Treasury and State Departments each placed sanctions on Iranian attempts to evade sanctions.
Treasury identified Sambouk Shipping FZC as being connected with Dimitris Cambis, a Greek businessman who, along with a network of other front companies, was placed under sanctions in March for using Iranian money to buy oil tankers to help Tehran ship crude oil in violation of U.S. and European Union sanctions.
Cambis is using Sambouk, which Treasury said was “recently formed,” to manage eight of the vessels he operates on behalf of the National Iranian Tanker Co., Treasury said. The vessels have been used to perform ship-to ship transfers of Iranian crude in the Persian Gulf to help obscure the oil’s origin, facilitating deceptive sales, it said.
“As long as Iran tries to evade our sanctions, we will continue to expose their deceptive maneuvers,” said David Cohen, undersecretary of Treasury for terrorism and financial intelligence, in a statement.