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Source: http://ap.google.com/article/ALeqM5jdl-FShzUCxcm9itcAMBf3k5uYbgD9342A000
U.S. Slaps Sanctions on Iranian Shipping Firm
[AP] Jeannine Aversa and Matthew Lee - The Bush administration on Wednesday slapped financial sanctions on Iran's largest state-owned shipping line, IRISL, and 18 related affiliates for helping to transfer military-related arms and cargo. The announcement was accompanied by a list of 123 known IRISL vessels. "Not only does IRISL facilitate the transport of cargo for UN designated proliferators, it also falsifies documents and uses deceptive schemes to shroud its involvement in illicit commerce," said Stuart Levey, the Treasury Department's undersecretary for terrorism and financial intelligence.