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:
Amona Group of Companies, is a dynamic Malaysian conglomerate with interests in property development & construction, general trading, telecommunications & technologies and energy sectors;

In 2019, the U.S. state of Mississippi, New Jersey, and New York, listed Amona on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Amona ineligible for investment and/or state contracting;

Amona is currently working on a project involving the rehabilitation of the Resalat oil field in Iran’s Lavan area. Amona will drill 30 wells and build a processing plant, to increase output to 47,000 bbl/d. The project is scheduled for completion in September 2011 and is valued at $1.53 billion (GAO Report 2010, Firms Reported in Open Sources as Having Commercial Activity in Iran’s Oil, Gas, and Petrochemical Sectors);

On their company website, the Amona Group lists a current project they are undertaking in contruction and planning of an apartment complex in Iran. “The Amona Group has also ventured oversea and has secured major residential housing projects with the Governments of Libya and Iran. The total Gross Development Value of the company’s projects in hand are estimated at RM10 billion.” (Company Website);

“Amona Group of companies, a Malaysian company, will today sign two preliminary agreements to build two townships in Iran, he said, as builders look to Iran for construction and development businesses” (Bloomberg, “Iran President meets Malaysian Leader to boost ties,” 3/1/2006);

Industry:
Energy

Also Known As:
Amona Group of Companies
Amona Group

Country:
Malaysia

Website:
www.amona.ml

E-mail:
info@amona.ml

Person of interests:
Dato’ Hj Othman Bin Ahmad | Group Executive Chairman
Abd Manaf Bin Ahmad | Group Executive Director
Dato’ Abd Hamid Mohamed | Director International Business
Dato’ Ramli Bin Abd Rahman | Director Telecommunication & Technologies

Reason for the color:
» In 2019, the U.S. state of Mississippi listed Amona on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Amona ineligible for investment and/or state contracting;
» In 2019, the U.S. state of New Jersey listed Amona on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Amona ineligible for investment and/or state contracting;
» In 2019, the U.S. state of New York, listed Amona on their state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Amona 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.