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:
Mustafa Oveici, an Iranian executive for Mahan Air;

The United States Department of Commerce has placed Mahan on its Denied Parties List and Mustafa Oveici on the Entity List;

U.S. authorities accuse Sunarko Kuntjoro, his relatives, and his companies of coordinating with Mustafa Oveici, a top executive at the Iranian airline Mahan Air, to move U.S.-origin goods to Iran between March 2011 and July 2018;

On December 10, 2019, a U.S. grand jury indicted the Indonesian businessman Sunarko Kuntjoro and three companies affiliated with him—PT Antasena Kreasi, PT Kandiyasa Energi Utama, and PT MS Aero Support—on charges of violating the IEEPA and a host of other U.S. laws. Kuntjoro and Oveici’s plot seems to have followed the same basic outline used in the IAMI case. Kuntjoro ordered goods from U.S. companies for delivery to third countries, in this case Hong Kong, Singapore, and Thailand, which he described as the final destination of the goods. He then transshipped the items to Iran. Using similar methods of obfuscation, Kuntjoro and Oveici sent parts from Mahan Air’s aircraft in Iran for repairs in the United States;

Mahan Air is subject to a string of U.S. sanctions. The Treasury first designated the company in 2011 “for providing financial, material, and technological support to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF),” a wing of Iran’s military with ties to terrorist groups. In the last year, the U.S. State Department has also sanctioned Mahan Air for transporting export-controlled materials relevant to Iran’s nuclear and ballistic missile programs;

Involved In:
Nuclear Weapon Program
Missile Weapon Program

Industry:
Aviation Industry

Country:
Iran

Articles/Reports:
Flying bombs over Europe

Reason for the color:
» Indonesia Citizen and Three Indonesian Companies Charged With Violating U.S. Export Laws and Sanctions against Iran – December 17, 2019;


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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.