Power Anchor Limited

ifmat-blackcompanies

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

Country:

Seychelles  

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

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

Info:
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;

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. has 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;

Industry:
Steel Industry

Also Known As:
Power Anchor Co.
Power Anchor Company

Country:
Seychelles

Address:
Mahe, Seychelles

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 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.;