Santarosa Shipping Company

Risk Level:
89% May harm your business future;

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Status:
High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Info:
IRISL transferred ownership of the four Hong Kong-registered companies to Santarosa Shipping Company Limited in June 2018, according to the Hong Kong corporate registry;

In 2018, the ultimate beneficial ownership of the Reach fleet shifted multiple times via Cyprus and Hong Kong-based shell companies. Originally, IRISL directly owned the four Reach vessels after purchasing them from Hyundai Heavy Industries Co. Ltd. in March 2018. Three months later IRISL transferred its ownership of the four now-sanctioned Hong Kong companies to Santarosa Shipping Company Limited in Cyprus. Santarosa’s sole shareholder at the time was an Iranian national, according to Cypriot corporate records;

By the time the four Hong Kong companies appeared in the Equasis shipping registry in August, they were each listed as registered owners of the Reach fleet; this intermediary link enabled IRISL to hide its association with the fleet through Santarosa. The following month, the sole shareholder of Santarosa changed again from an Iranian national to a Chinese national based in Shanghai, thereby leaving the ultimate beneficial owner of the four Reach vessels unknown;

Status:
Reminder Letter Sent

Company Number:
HE283949

Industry:
Shipping Industry

Also Known As:
Santarosa Shipping Company Limited

Country:
Cyprus

Reason for the color:
» How Iran’s national shipping company used offshore companies to dodge U.S. sanctions;


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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.