Magellanic Phoenix Marine and Trading

ifmat-blackcompanies

Magellanic Phoenix Marine and Trading Limited, based in Hong Kong, has purchased several tens of millions of dollars’ worth of steel products, including steel slab, from KSC since 2022

Country:

China  

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

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

Info:
Magellanic Phoenix Marine and Trading Limited, based in Hong Kong, has purchased several tens of millions of dollars’ worth of steel products, including steel slab, from KSC since 2022.

KSC is one of Iran’s largest steel producers, including its top producer of steel bars. KSC’s production and sale of steel brings in billions of dollars of revenue for the Government of Iran annually. KSC was designated pursuant to E.O. 13871 on January 10, 2020 for operating in the iron, steel, aluminum, or copper sectors of Iran.

Also Known As:
Magellanic Phoenix Marine and Trading Limited

Organization Established Date:
16 Nov 2020

Country:
China

Address:
Hong Kong, China

Company Number:
2993979 (Hong Kong)

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 April 18, 2024 pursuant to Executive Order 13871 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or serves in support of, KSC;