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:
A steel company involved in the procurement of raw materials, spare parts, and consumable materials;

Ascotec is involved in the procurement of goods for Iran missile program;

Supplies steel mills in Iran;

Exports Iranian steel products of the affiliated steel factories of National Iranian Steel Company (NISCO) (NISCO’s major steel plants include Mobarakeh Steel Company, Khouzestan Steel Co., Esfahan Steel Co., and Iran Alloy Steel Co.);

Affiliated with Ascotec Japan K.K. (a.k.a. Ahwaz Steel Comm & Tech Services Branch Japan), Breyeller Kaltband GmbH (BKG) (Germany), Breyeller Stahl Vertrieb und Verwaltung Gesellschaft mbH (BSG) (Germany), Breyeller Spalt und Service Center GmbH (BSSC) (Germany), Esfahan Steel Co. (ESCO) (Iran), Industrial Commercial Services Co. (ICS) (Russia), Irasco SRL (IRASCO) (Italy), Mines & Metals Engineering GmbH (MME) (Germany), Metal & Mineral Trade Sarl (MMT) (Luxembourg), and United Steel Industrial Co. (K.S.C.C.) (UNISTEEL) (Kuwait);

Maintains branches in Tehran (Ascotec Tehran – Ahwaz Steel Comm & Tech Services and MME Tehran – Mines & Metals Engineering) and Ahwaz (MME Ahwaz – Mines & Metals Engineering);

The Ascotec Holding GmbH [established in 1990] is owned by the Iranian regime and is subordinate to the Iranian Ministry of Industries and Mines (IMIDRO);

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;

Also Known As:
Ascotec Holding GMBH
Ahwaz Steel Commercial & Technical Service GMBH Ascotec
Ahwaz Steel Commercial and Technical Service GMBH Ascotec
Ahvaz Steel Commercial and Technical Service GmbH
ASCOTEC
Ascotec GmbH
AscoTec GmbH
Ahwaz Steel Commercial and Technical Service GmbH (ASCOTEC)

Industry:
Supply & Procurement Steel
Steel & Raw Material Trading
Engineering
Development and Empowerment of the Steel Industry

Involved In:
Military Weapon Program
Missile Weapon Program

Established:
1990

Country:
Germany

Address:
43rd Avenue 36, Tehran, Iran
Tersteegenstr. 10, 40474 Duesseldorf, Germany
West Nazar St, Khaje Petross no 11/13, P.O. Box 81735-314, Isfahan 81757, Iran

Phone:
49 (0)211 470 52 (0)

Website:
http://www.ascotec.com

Email:
info@ascotec.com

Person of interests:
Ahmad Katani

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 11/05/2018 as a entity owned or controlled by the government of Iran;
» 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 August 3, 2010;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Denied U.S. export privileges for a period of five years, beginning November 17, 2003, in conjunction with a settlement for allegedly committing eight violations of the U.S. Export Administration Regulations; agreed to pay a $50,000 fine in conjunction with the settlement; charged with causing the exportation of vehicle spare parts, computer components, spare parts for mining machinery, switches, rotary hammers, pneumatic hammers and chisels, and electromotors, from the United States to Iran, via Germany, without the required authorization;
» ASCOTEC Group is a 100% subsidiary of IMIDRO (Iranian Mines and Mining Industries Development an Rennovation Organization) which is a sub-division of the Iranian Ministry of Industry, Mine & Trade;
» Ascotec is involved in the procurement of goods for Iran missile program;


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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.