Iran News ...


01/14/11

US Sanctions 26 Companies for Iran Trade

Source: VOA

The United States has extended sanctions to more than two dozen companies it says have been operating as fronts for Iranian businesses involved in Tehran's missile programs.

The U.S. Treasury Department said Thursday that 24 of the firms have ties with the state-owned Islamic Republic of Iran Shipping Lines, while two are affiliated with Aerospace Industries, a subsidiary of Iran's defense ministry.

The U.S. had previously blacklisted IRISL and AIO under sanctions targeting alleged supporters of what the United States describes as Iran's nuclear weapons development program. Tehran says its nuclear work is aimed at producing electricity.

The Treasury Department said 20 of the firms tied to IRISL are located in Hong Kong with another four in the Isle of Man, a self-governed British territory. The two AIO affiliates are Tehran-based companies.

The latest actions will cut off the designated firms from the U.S. financial and commercial systems. The move will also seek to freeze assets they may have under U.S. jurisdiction.

Similar moves in the past have effectively cut off international financing to sanctioned entities.

Some information for this report was provided by AFP and Reuters.


Press Release by U.S. Department of the Treasury

Treasury Designates 24 Shipping Companies Affiliated with IRISL, Two Entities Tied to Iran's Aerospace Industries Organization 

WASHINGTON - The U.S. Department of the Treasury today announced the designation of 24 shipping companies affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) and two entities that are subordinates of Iran's Aerospace Industries Organization (AIO).  Today's actions build on Treasury's efforts to expose the financial and corporate underpinnings of IRISL and AIO, two entities that face international sanctions for their involvement in Iran's missile programs. The actions respond to continuing efforts by Iran to evade sanctions and its ongoing creation and use of new front companies, subsidiaries, affiliates, and other deceptive measures to protect IRISL and AIO and to advance its proliferation activities. 

"IRISL is under tremendous financial pressure from international sanctions, and it is going to extreme lengths to obscure its network and the ownership of vessels," said Under Secretary for Terrorism and Financial Intelligence Stuart Levey. "Today's designations expose the latest in a string of deceptive measures Iran is taking to continue its illicit conduct."

AIO is a subsidiary of Iran's Ministry of Defense and Armed Forces Logistics (MODAFL), the arm of the Iranian military that oversees its ballistic missile program, and oversees all of Iran's missile industries. AIO was listed in the Annex to Executive Order (E.O.) 13382 in June 2005.  The Department of State designated MODAFL pursuant to E.O. 13382 in October 2007, and Treasury designated IRISL in September 2008 pursuant to E.O. 13382 for providing logistical services, including facilitating shipments of military related cargoes for to MODAFL.

Pursuant to E.O. 13382 - which is aimed at freezing the assets of proliferators of weapons of mass destruction and their supporters, thereby isolating them from the U.S. financial and commercial systems - Treasury today designated:

  • Four Hong Kong based shipping companies - Starry Shine International Limited, Ideal Success Investments Limited, Top Glacier Company Limited, and Top Prestige Trading Limited - for being owned and managed by Ahmad Sarkandi and Ghasem Nabipour, two individuals designated by Treasury in October 2010 for acting for or on behalf of IRISL.

  • Sixteen shipping companies, each based at the same address in Hong Kong, for being owned or controlled by IRISL or affiliated entities.  In late 2009, these sixteen companies became the owners of a series of vessels, each of which is already identified on OFAC's Specially Designated Nationals and Blocked Persons List as blocked property tied to IRISL, that were previously owned by the four Hong Kong companies listed above.

  • Four shipping companies that share their Isle of Man registered addresses with eight previously-designated shippingcompanies wholly-owned by IRISL, for being owned or controlled by IRISL or IRISL front companies.

  • Shahid Ahmad Kazemi Industries Group, a subordinate to AIO that is responsible for the development and production of surface-to-air missiles. It is suspected of soliciting foreign technology for Iran's missile programs and participating in North Korea's missile-related programs. North Korea has provided significant assistance to Iran in its development of ballistic missiles and missile technology.

  • M. Babaie Industries, also linked to Iran's WMD proliferation efforts and suspected of soliciting foreign technology for Iran's missile programs, was designated for being owned or controlled by, or acting  for or on behalf of AIO.

Identifying Information:

Entity:  STARRY SHINE INTERNATIONAL LIMITED

Address:  RM B 12th Floor Two Chinachem Plaza

135 Des Vouex Rd C, Central District

Hong Kong Island, Hong Kong

 

Entity:  IDEAL SUCCESS INVESTMENTS LIMITED

Address:  RM B 12th Floor Two Chinachem Plaza

  135 Des Vouex Rd C, Central District

  Hong Kong Island, Hong Kong

 

Entity:  TOP GLACIER COMPANY LIMITED

Address:  RM B 12th Floor Two Chinachem Plaza

  135 Des Vouex Rd C, Central District

  Hong Kong Island, Hong Kong

 

Entity:  TOP PRESTIGE TRADING LIMITED

Address:  RM B 12th Floor Two Chinachem Plaza

  135 Des Vouex Rd C, Central District

  Hong Kong Island, Hong Kong

 

Entity:  ALPHA EFFORT LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  SANDFORD GROUP LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  SMART DAY HOLDINGS GROUP LIMITED

Address:  15th Floor Tower One Lippo Center

89 Queensway, Hong Kong

 

Entity:  SYSTEM WISE LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  LOGISTIC SMART LIMITED

Address:   15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  NEW DESIRE LIMITED

Address:   15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  ADVANCE NOVEL LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  CONCEPT GIANT LIMITED

Address:   15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  PARTNER CENTURY LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  SINO ACCESS LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  TRUE HONOUR HOLDINGS LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  BEST PRECISE LIMITED

Address:   15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  GREAT METHOD LIMITED

Address:   15th Floor Tower One Lippo Center

89 Queensway, Hong Kong

 

Entity:  NEUMAN LIMITED

Address:   15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  SACKVILLE HOLDINGS LIMITED

Address:  15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  TRADE TREASURE LIMITED

Address:   15th Floor Tower One Lippo Center

 89 Queensway, Hong Kong

 

Entity:  LOWESWATER LIMITED

Address:  Manning House, 21 Bucks Road

  Douglas, IM1 3DA, Isle of Man

 

Entity:  MILL DENE LIMITED

Address:  Manning House, 21 Bucks Road

  Douglas, IM1 3DA, Isle of Man

 

Entity:  SHALLON LIMITED

Address:  Manning House, 21 Bucks Road

  Douglas, IM1 3DA, Isle of Man

 

Entity:  SPRINGTHORPE LIMITED

  Manning House, 21 Bucks Road

  Douglas, IM1 3DA, Isle of Man

 

Entity:  SHAHID AHMAD KAZEMI INDUSTRIES GROUP

Address:   Pasdaran Avenue, Tehran, Iran

 

Entity:   M. BABAIE INDUSTRIES

AKA:   Shahid Babaie Industries

AKA:   Shahid Babaie Industries Complex

AKA:   Shahid Babaii Industries Co.

Address:  P.O. Box 16535-176; Tehran 16548, Iran ​

... Payvand News - 01/14/11 ... --



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