OFAC targets 32 linked to Iran missile and UAV procurement networks

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Nov. 12, 2025, that it is targeting 32 individuals and entities across multiple jurisdictions for operating procurement networks supporting Iran’s ballistic missile and unmanned aerial vehicle (UAV) production.

OFAC said the networks operate in Iran, the United Arab Emirates, Türkiye, China, Hong Kong, India, Germany and Ukraine, and are involved in procuring components including missile propellant precursors.

OFAC stated that, as a result of the action, all property and interests in property of designated or blocked persons that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. OFAC also said entities owned, directly or indirectly, individually or in the aggregate, 50% or more by one or more blocked persons are also blocked.

The agency said U.S. persons are generally prohibited from engaging in transactions involving any property or interests in property of blocked persons unless authorized by a general or specific OFAC license or exempt.

In the announcement, OFAC described a multinational procurement network centered on a three-person venture it called the “MVM partnership,” which it said coordinated procurement of ballistic missile propellant ingredients from China on behalf of Parchin Chemical Industries, an element of Iran’s Defense Industries Organization. OFAC said it designated related individuals and entities pursuant to Executive Order 13382.

An OFAC “Recent Actions” SDN List update associated with the press release lists new SDN entries, including individuals and entities designated under multiple programs, including nonproliferation-related authorities, and notes secondary sanctions risk for certain parties.