Info:
Two companies registered in Hong Kong and the Marshall Islands that own and operate a vessel, the Panama-flagged KOHANA, shipping over $100 million in Iranian commodities to businesses in the People’s Republic of China (PRC) on behalf of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL). MODAFL continues to facilitate the delivery of Iranian weapons, most notably unmanned aerial vehicles (UAVs), to Russia in support of its war of aggression in Ukraine and to Iranian-aligned militia groups in the Middle East.
“Iran’s Ministry of Defense is engaged in a series of schemes to fund destabilizing activities that range from supplying militia groups with weapons used to attack U.S. forces to aiding Russia’s invasion of Ukraine,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Treasury will continue to disrupt the illicit revenue-generation efforts that support these destabilizing acts.”
In late January 2024, MODAFL orchestrated a shipment of Iranian commodities valued at over $100 million to companies in the PRC aboard the vessel KOHANA (IMO: 9254082), which is owned by Hong Kong-registered Kohana Company Limited and operated by Marshall Islands-registered Iridescent Co Ltd. The KOHANA is currently on its way to China, where it intends to offload its cargo.
Entities affiliated with MODAFL help produce Iranian weapons systems, including UAVs, many of which are transferred to Russia or are provided to Iran’s web of proxy and partner groups to use against U.S., allied, and partner interests throughout the Middle East. In order to generate extra revenue to support such efforts, the Iranian government allocates billions of dollars’ worth of commodities to Iranian military entities, including MODAFL.
Kohana Company Limited and Iridescent Co Ltd are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, MODAFL. The KOHANA is being identified as property in which Kohana Company Limited has an interest.
Involved In:
Shipping Industry
Also Known As:
Kohana Company Limited
KOHANA CO LTD
Organization Established Date:
2023
Country:
China
Address:
Room 1002, 10th Floor, Easey Commercial Building, 253-261, Hennessy Road, Wan Chai, Hong Kong, China
19th Floor, New Taizhou Mansion, Taizhou, Zhejiang, China
Identification Number IMO:
6431603
Registration Number:
3306110 (Hong Kong)