Advantage Trading Co., Limited (Advantage Trading) is a Hong Kong-based front company incorporated by PKGB in 2023. PKGB has used Advantage Trading to procure U.S.- and Western-origin microelectronics and aviation parts with UAV applications.
Advantage Trading have operated as covert procurement entities for OFAC designated Hamed Dehghan and Pishtazan Kavosh Gostar Boshra (PKGB), who are actively engaged in supporting multiple Iranian military organizations, including the Islamic Revolutionary Guard Corps (IRGC). Additionally, OFAC is designating a Hong Kong-based front company involved in the sale of hundreds of millions of dollars’ worth of Iranian commodities for the benefit of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).
“Iran’s continued proliferation of its advanced conventional weapons, including the UAVs and missiles that target U.S. soldiers, remains a critical threat to the stability of the region,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “We will not hesitate to leverage our full suite of tools to disrupt the illicit procurement networks that supply the components for these weapons systems, as well as hold accountable those who seek to export these weapons to terrorist proxy groups.”
Also Known As:
Advantage Trading Co., Limited
Organization Established Date:
22 Mar 2023
Shop 185, Ground Floor, Hang Wai Ind. Centre, No. 6 Kin Tai St., Tuen Mun, N.T., Hong Kong, China
3251687 (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 February 2, 2024 pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery. This designation was enabled by key data from Treasury’s Financial Crimes Enforcement Network (FinCEN);