According to the Associated Press, The New York Times reports that Manhattan District Attorney Cyrus Vance Jr. is announcing a 317-count indictment Monday against the Islamic Republic of Iran Shipping Lines, known as Irisl, and 15 other defendants.
Officials said the Iranian shipping industry essentially operates using the American dollar, and its companies need access to American banks. But the Iranian company could not use its own name because in 2008 it was placed under sanctions.
The company has been charged with violating United Nations sanctions as well for renting ships and transferring weapons from Iran to countries tied to terrorism.