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Industrial Development And Renovation Organization Of Iran

On the SDN listEntityIRAN

Industrial Development And Renovation Organization Of Iran (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN. Addresses on file in: Iran. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Iran has 981 entities, vessels or aircraft with an address on the SDN list, ranking #2 among all countries. Other sanctioned entities with an address in Tehran 15815-3377 are listed below.

Sanctions program

Iran (Iranian Transactions and Sanctions Regulations) IRAN

Broad sanctions against Iran. They cover the Government of Iran and entities it owns or controls, and prohibit, unless authorized, nearly all trade by U.S. persons with Iran.

Also known as

  • IRAN DEVELOPMENT & RENOVATION ORGANIZATION COMPANY · aka
  • IDRO · aka
  • SAWZEMANE GOSTARESH VA NOWSAZI SANAYE IRAN · aka
  • IRAN DEVELOPMENT AND RENOVATION ORGANIZATION COMPANY · aka

Addresses on file

  • Vali Asr Building, Jam e Jam Street, Vali Asr Avenue, Tehran 15815-3377, Iran

OFAC remarks

Additional Sanctions Information - Subject to Secondary Sanctions; all offices worldwide.

Frequently asked questions

What does it mean that Industrial Development And Renovation Organization Of Iran is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Industrial Development And Renovation Organization Of Iran?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.