The US Treasury Department’s Office of Foreign Assets Control has sanctioned 10 individuals and entities across multiple jurisdictions for allegedly procuring weapons and weapons components for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL).
For more stories from The Media Line go to themedialine.org
MODAFL is responsible for weapons research, production, and acquisition for Iran’s armed forces and also oversees organizations involved in the development of Iran’s ballistic missiles and unmanned aerial vehicles, the Treasury said.
Among those sanctioned is a prominent Pakistani businessman Wasim Pasha Tajammal, along with three of his companies.
According to the Treasury, Tajammal is chairman of the private defense company Cavalier Group, which has offices and operations in Pakistan and several other countries.
The Treasury alleged that Tajammal and Cavalier Group acted as third-party intermediaries for MODAFL and that Tajammal used his professional contacts to assist Iran in procuring and distributing weapons.
An Iranian missile is displayed during a rally marking the annual Quds Day, or Jerusalem Day, on the last Friday of the holy month of Ramadan in Tehran, Iran April 29, 2022. (credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS)
He is the majority shareholder and CEO of Cavalier Dynamics Private Limited in Pakistan, director of Cavalier Dynamics for Technologies Company in Saudi Arabia, which is wholly owned by the Pakistani firm, with the action coordinated with Saudi partners, and director and sole shareholder of Cavalier Dynamics Teknoloji Ticaret Anonim Sirketi in Turkey.
The US Treasury Department said the action against Saudi Arabia-based Cavalier Dynamics for Technologies was in coordination with Saudi authorities.
Pakistani CEO provided support to Iran, US claims
Washington alleges that Tajammal provided, or attempted to provide, financial, material, or technological support to MODAFL, or goods and services in support of the organization.
In a press release, US Treasury Secretary Scott Bessent, said: “Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial support that allows the Iranian regime to sustain its terrorist enterprise. Treasury will not tolerate any support to the regime and will continue to identify, expose, and isolate Iran’s enablers.”
Announced by Secretary Bessent on August 24, 2026, and dubbed “Economic D-Day,” Operation Economic Outcast is aimed at severing the remaining economic lifelines sustaining the Iranian regime.
The Treasury said it has mapped the networks, facilitators, and financial channels Iran uses to smuggle oil, evade sanctions and fund terrorism, and is working with partners across the US government, the European Union, the United Kingdom, Gulf countries, and others to target sources of the regime’s illicit revenue.
The department warned that entities facilitating money laundering or sanctions evasion on behalf of Iran risk being cut off from the US financial system.
It also highlighted the risk of secondary sanctions for those continuing to do business with the Iranian regime and said it would accelerate US enforcement efforts.
Sanctioned group is Pakistan’s ‘only multi-domain defense company’
Meanwhile, Cavalier Group describes itself on its website as a prominent defense company operating in Pakistan’s private sector.
The company says it is Pakistan’s “only multi-domain defense company” and aims to provide locally developed critical defense solutions to Pakistan’s armed forces, while also working with allied countries and partners worldwide.
According to a message from Tajammal published on its website, Cavalier Group operates across the land, air, information technology, and cyber domains.
The company says its products and services include combat vehicles, small arms, ballistic protection equipment, tactical gear, drones, system automation, and cybersecurity solutions.