Petro Suisse Intertrade Company

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

Info:
Petro Suisse Intertrade Company SA have been involved in Iranian attempts to evade international sanctions. These individuals work for the National Iranian Oil Company (NIOC), NICO, and previously-identified Iranian front companies. Specifically, they are being identified as subject to sanctions under E.O. 13599, which, among other things, targets the Government of Iran (GOI) and persons acting for or on behalf of the GOI. In addition to Seifollah Jashnsaz, the following individuals are being identified today: Ahmad Ghalebani, managing director of NIOC and a director of both Petro Suisse Intertrade Company SA and Hong Kong Intertrade Company;

In 2008, the Treasury Department identified NIOC and NICO, both centrally involved in the sale of Iranian oil, as entities that are owned or controlled by the Government of Iran. Additionally, NIOC was determined to be an agent or affiliate of the IRGC in November 2012 and NICO was designated under E.O. 13382 in April 2013 for being owned or controlled by NIOC. In order to prevent the circumvention of the international community’s sanctions on oil trade with Iran, the Department of the Treasury later identified, among others, Switzerland-based Petro Suisse Intertrade Company SA, United Arab Emirates (U.A.E.)-based Asia Energy General Trading LLC, and Hong Kong-based Hong Kong Intertrade Company as front companies for NIOC or NICO;

Industry:
Energy Industry

Also Known As:
Petro Suisse Intertrade Company SA

Established:
2011

Country:
Switzerland

Address:
SA, 6 Avenue de la Tour-Haldimand, Pully 1009, Switzerland

Person of interests:
Seyfollah Jashnsaz – Board of directors-President
Mahmoud Nikousokhan – Board of directors-Member
Masoud Bahadori – Managing Director
Ahmad Ghalebani – Director

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 November 05, 2018 pursuant to Executive Order 13599, which, among other things, targets the Government of Iran (GOI) and persons acting for or on behalf of the GOI;
» 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 5/23/2013 pursuant to Executive Order 13599, which, among other things, targets the Government of Iran (GOI) and persons acting for or on behalf of the GOI;

You May Be Interested