Golden Resources Trading Company, L.L.C.

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:
A Dubai-based company used by the Iranian government to circumvent international sanctions;

Controlled by Tosee Eqtesad Ayandehsazan Company (TEACO), which is part of the Execution of Imam Khomeini’s Order (EIKO) international financial network, an organization that acts on behalf of the Government of Iran;

In 2011, was used to inject 7.5 million Euros from EIKO into Mannesman Cylinder Systems (MCS) International GmbH, a German company;

Has been used to evade international sanctions by depositing Iranian money in a German bank;

Responsible for securing letters of credit on behalf of Iranian-controlled companies in Europe and South Africa;

Formerly subordinate to Rey Investment Company;

Ownership was transferred to TEACO in 2010;

Represented Iranian companies with affiliations to the Islamic Revolutionary Guard Corps (IRGC);

Has procured equipment and supplies on behalf of the IRGC;

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;

Also Known As:
GRTC
Golden Resources Trading
Golden Resources Trading (L.L.C.)
Golden Resources Trading Company (L.L.C.)
Golden Resources Trading Co. LLC

Country:
United Arab Emirates

Address:
-9th Floor, Office No. 905, Khalid Al Attar Tower 1, Sheikh Zayed Road, After Crown Plaza Hotel, Al Wasl Area, Dubai, United Arab Emirates
-P.O.Box : 34489, Dubai, United Arab Emirates
-Postal Box 14358, Dubai, United Arab Emirates
-Flat No 604, 6th Floor, Khalid Al Attar Tower 1, Sheikh Zayed Road, Dubai, United Arab Emirates

Phone:
+971-4-386-8661, +971-4-327-3806, +971-4-329-1252, +971-4-329-1253, +971-4-329-1254

E-Mail:
grtc@emirates.net.ae
grtc@eim.ae

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 November 05, 2018 pursuant to Executive Order 13224;
» 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 June 4, 2013;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties;


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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.