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:
Belaz is a large Belarusian construction equipment manufacturer specializing in mining. It sells equipment in Iran through the dealer Zagros Machine Mining & Construction Equipment;

In 2017, the U.S. states of Mississippi and New Jersey listed BelAZ on its state list of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering BelAZ ineligible for investment and/or state contracting;

Zagros Machine Company is working with entities that are sanctioned by the U.S. Treasury Department for being involved in Iranian missile or nuclear activites. Zagros Machine Company is working with ChadorMalu Mining and Industrial Company (Entity sanctioned pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran), Mobarakeh Steel Company (owned by Mehr Eqtesad Iranian Investment Company – Entity in connection with IRGC);

Industry:
Automotive Industry

Also Known As:
BelAZ

Country:
Belarus

Website:
www.belaz.by

E-mail:
info@belaz.by

Reason for the color:
» In 2017, the U.S. state Mississippi listed BelAZ on its state list of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering BelAZ ineligible for investment and/or state contracting;
» In 2017, the U.S. state New Jersey listed BelAZ on its state list of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering BelAZ 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.