Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
Metal & Mineral Trade Sarl been affiliated with AscoTec (Ascotec GmbH), a steel company active in Iran and owned by subsidiaries of the National Iranian Steel Company (NISCO), which is affiliated with the Iranian Ministry of Industry and Mines;

The registration ID of this company is B 59411 (Luxembourg);

The company denied United States export privileges for a period of five years, beginning November 17, 2003, in conjunction with a settlement for allegedly committing six violations of the Export Administration Regulations (EAR);

Metal & Mineral Trade Sarl agreed to pay a $35,000 fine in conjunction with the settlement and agreed to a denial of its export privileges. Also, charged for aiding and abetting the export of spare parts for mining and machinery and the export of rotary hammers, from the United States to Iran via Germany without prior authorization from the U.S. Treasury Department, as required by the EAR;

Charged with causing the export of vehicle spare parts and an electric motor from the United States to Iran via Germany without prior authorization from the U.S. Treasury Department, as required by the EAR;

Charged with transporting an electric motor knowing that the item was to be exported from the United States to Iran via Germany in violation of the Regulations;

Also Known As:
Metal & Mineral Trade
Metal and Mineral Trade
Metal and Mineral Trade S.A.R.L.
MMT Luxemburg
MMT SARL
Metal & Mineral Trade S.A.R.L.

Country:
Luxembourg

Address:
7 Rue Pierre D-Aspelt, L1142, Luxembourg
11b, Boulevard Joseph II L-1840, Luxembourg

Phone:
352-45 25 32

Reason for the color:
»Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 11/05/2018;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 3, 2010;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.