US Treasury targets cyberattackers and drug traffickers

OFAC has designated Iranian computer security company IT Sec Team and 3 people acting on its behalf for planning and executing DDoS attacks against at least 9 large US financial institutions in 2011 and 2012. It has also designated 4 Iranian nationals working for another Iranian computer security company Mersad Co., which used a botnet to target 24 corporations in the US financial sector with DDoS attacks in 2012 and 2013. On 24 March 2016, the Department of Justice announced that a grand jury had indicted the 7 people designated in this action (see press release here).

Separately, OFAC has designated 4 Mexican entities and 3 Mexican people linked to drug trafficking organisations the Cartel de Jalisco Nueva Generacion and the Los Cuinis Drug Trafficking Organisation. The organisations were designated in 2015, and in the Treasury’s press release OFAC Director John Smith said that the Treasury “continues to untangle and expose the web of businesses” they control.

The details of all the listings are here.

This entry was posted in USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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