Risk Level:
unknown %

Status:
Medium Alert – Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.

Info:
Pearl Energy Company was formed by First East Export Bank (FEEB), a previously designated subsidiary of Iran’s Bank Mellat, to provide economic research on an array of global industries. Treasury designated Pearl Energy Company today for being owned or controlled by and acting for or on behalf of FEEB. FEEB’s Director and Principal Officer, Ali Afzali, was designated for acting for or on behalf of both FEEB and Bank Mellat. Afzali is also on Pearl Energy Company’s board of directors and holds a major stake in the Pearl Energy Company;

Switzerland-based Pearl Energy Services, SA, was designated today for being owned or controlled by Pearl Energy Company. Pearl Energy Services is wholly owned by Pearl Energy Company; its mission is to provide financing and expertise to entities seeking to enter Iran’s petroleum sector;

FEEB was designated by Treasury in November 2009 for being owned or controlled by Bank Mellat, which was itself designated pursuant to E.O. 13382 in October 2007 for its role in providing financial services to the Atomic Energy Organization of Iran (AEOI) and Novin Energy Company (Novin). The United Nations (UN) Security Council later designated FEEB in UN Security Council Resolution (UNSCR) 1929 in June 2010;

Country:
Iran

Born:
July 1, 1967

Reason for the color:
» Designated by the United States on November 30, 2010 – pursuant to Executive Order 13382, which targets weapons of mass destruction proliferators and their supporters;
» Removed from the U.S. Department of the Treasury’s Specially Designated Nationals (SDN) list in January 2016 as part of the Joint Comprehensive Plan of Action;


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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.