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Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation
UAE-based Sakan General Trading provided the most foreign currency exchange support to Ansar Exchange, and is owned by UAE resident and Iranian national Reza Sakan and his Iran-based firm Sakan Exchange, also known as Joint Partnership of Reza Sakan Dastgiri and Associates. Sakan General Trading was involved in financing the purchase of military aircraft tires by Iran’s Pars Aviation Service Company for the Syrian Air Force;
Sakan General Trading recently changed its name to Royal Credit General Trading;
Reza Sakan is being designated pursuant to E.O. 13224 for being otherwise associated with Sakan General Trading, as he owns or controls Sakan General Trading. Sakan Exchange is also being designated pursuant to E.O. 13224 for being owned or controlled by Reza Sakan.
Ansar Exchange conducted currency exchange services for Ansar Bank totaling over one billion dollars. Over the past few years, Ansar Exchange also directly provided MODAFL with the equivalent of approximately 100 million in dollars and euros, in addition to the equivalent of approximately 130 million dollars’ worth of goods and services ultimately destined for the benefit of the IRGC. IRGC is terrorist organization and supports terrorist organizations like Hamas, Hezbollah, Taliban;
Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;
Also Known As:
Royal Credit General Trading
Sakan General Trading, LLC
United Arab Emirates
14th Floor, Office 1401, Al Owais Business Tower, 53, 24th Street, Al Sabkha-115, Deira, Dubai, United Arab Emirates
611462 (United Arab Emirates)
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 March 26, 2019 pursuant to Executive Order 13224 for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Ansar Exchange;