Hong Kong-based Duling Technology HK Limited (Duling Technology) has facilitated procurements of U.S.- and Western-origin matrix switches, turbine engines, and other items with UAV applications totaling millions of dollars for PKGB. PKGB officials, including OFAC designated PKGB managing director Hamed Dehghan and OFAC designated PKGB employee Mehdi Ebrahimzadeh-Ardakani, have used Duling Technology to procure these U.S.- and Western-origin items with UAV applications totaling millions of dollars for PKGB.
Duling Technology 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:
Duling Technology HK Limited
Organization Established Date:
11 Apr 2019
Room 4, 16th Floor, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon, Hong Kong, China
2814827 (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);