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:
Since August 2019, Beijing-based trading company Pamchel Trading Beijing Co. Ltd. has purchased tens of thousands of metric tons of steel slabs on a monthly basis from Iran’s Esfahan Mobarakeh Steel Company;

During 2019, Pamchel Trading Beijing Co. Ltd. has sold multiple consignments of carbon blocks, cathode blocks, and graphite electrodes to Iranian minerals trading firm Khalagh Tadbir Pars Co. for shipment to Iran and use by Iranian metals producers. Since August 2019, Khalagh Tadbir Pars Co. has purchased materials including carbon blocks and cathode blocks from Pamchel Trading Beijing Co. Ltd. for ultimate end-use by the Iran Aluminum Company;

Pamchel Trading Beijing Co. Ltd. has also facilitated Khalagh Tadbir Pars Co.’s purchase of materials such as cathodes from Chinese manufacturers. Additionally, in November 2019, Khalagh Tadbir Pars Co. and Pamchel Trading Beijing Co. Ltd. coordinated the sale of Iranian copper concentrates to a Chinese purchaser;

Pamchel Trading Beijing Co. Ltd. is being designated pursuant to E.O. 13871 for having knowingly engaged, on or after the date of the E.O. 13871, in a significant transaction for the purchase, acquisition, sale, transport, or marketing of iron, iron products, aluminum, aluminum products, steel, steel products, copper, or copper products from Iran, as well as for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or service in support of Khalagh Tadbir Pars Co;

Pamchel Trading Beijing Co. Ltd. uses Power Anchor Limited, located in the Seychelles, as a front company to obfuscate the true Iranian end-user for metals-related materials shipped to Iran. Pamchel Trading Beijing Co. Ltd. has also used Power Anchor Limited to facilitate payments from Iranian steel companies for purchases of graphite electrodes used in metal production brokered by Pamchel Trading Beijing Co. Ltd. Power Anchor Limited is being designated pursuant to E.O. 13871 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Pamchel Trading Beijing Co. Ltd;

In September 2019, the vessel Hong Xun transported steel slabs purchased by Pamchel Trading Beijing Co. Ltd. from Esfahan Mobarakeh Steel Company from Bandar Abbas, Iran, to China. Hongyuan Marine Co. Ltd., located in Zhejian, China, is the registered owner of the vessel Hong Xun, as well as the vessel’s Ship Manager/Commercial Manager. Hongyuan Marine Co. Ltd. is being designated pursuant to E.O. 13871 for having knowingly engaged, on or after the date of E.O. 13871, in a significant transaction for the purchase, acquisition, sale, transport, or marketing of iron, iron products, aluminum, aluminum products, steel, steel products, copper, or copper products from Iran through its vessel, Hon Xun. OFAC is also identifying the Hong Xun as blocked property in which Hongyuan Marine Co. Ltd. has an interest;

Industry:
Steel Industry

Also Known As:
Pamchel Trading Beijing Co. Ltd.
Pamchel Trading Beijing Company Limited
Pamchel Trading Beijing Co. Limited
Pamchel Trading Beijing Company Ltd.
Pamchel Asia Co., LTD.
Pamchel Asia Steel Group Company Limited

Country:
China

Address:
Room 328 Building 28, No. 17 Jianguomenwal Street Chaoyang District, Beijing, China
Rm. 503, Building No. 4, Xiandaicheng District, Beijing, China
Flat/Rm A, 9/F Silvercorp International Tower, 707-713 Nathan Road, Mongkok, Kowloon, Hong Kong

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 January 10, 2020 pursuant to Executive Order 13871 for having knowingly engaged, on or after the date of the E.O. 13871, in a significant transaction for the purchase, acquisition, sale, transport, or marketing of iron, iron products, aluminum, aluminum products, steel, steel products, copper, or copper products from Iran, as well as for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or service in support of Khalagh Tadbir Pars Co.;


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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.