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

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

Info:
AK Makina is a Turkish mechanical company that trades in machinery from such manufacturers as Hyundai-Kia, Hyundai Heavy Industries, LG, and others;

A leaked US diplomatic cable shows that Ak Makina has been attempting to export machinery to an Iranian company, Shahid Hemmat Industrial Group, that has been developing a liquid missile propellant for the Iranian nuclear program. Despite American requests to the Turkish government to stop the transaction, it appears that Ak Makina has not cut their ties with Iran (Aftenposten, Turkish Firm Ak Makina Continued Assistance to Missile-Related Entities in Iran, 6/26/2009);

In 2018 and 2019 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” AK Makina was included on this list in 2018 and 2019. Tennessee states “Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list.”

Industry:
Engineering Industry

Involved In:
Nuclear Weapon Program

Country:
Turkey

Address:
İstanbul, Marmara, İç Anadolu Akdeniz, Ege Bölgeleri

Phone:
+90 212 612 87 00

Website:
www.akmakina.com.tr

E-mail:
akmakina@akmakina.com.tr

Reason for the color:
» In 2019 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” AK Makina was included on this list in 2018 and 2019. Tennessee states “Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list.”;
» In 2018 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” AK Makina was included on this list in 2018 and 2019. Tennessee states “Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list.”;
» In 2019, the U.S. states of Mississippi listed AK Makina on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Ak Makina ineligible for investment and/or state contracting;
» In 2019, the U.S. states of Pennsylvania listed AK Makina on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Ak Makina ineligible for investment and/or state contracting;
» In 2019, the U.S. states of New York listed AK Makina on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Ak Makina ineligible for investment and/or state contracting;


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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.