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:
TARA Steel Trading GmbH was founded in 1996. The Company’s line of business includes the marketing of semi-finished metal products;

Germany-based Tara Steel Trading GmbH is a wholly owned subsidiary of Mobarakeh Steel Company engaged in the wholesale of metals and metal ores in Europe. In 2018, Tara Steel Trading GmbH generated the equivalent of nearly 60 million dollars in sales, and held assets valued at the equivalent of more than 100 million dollars. It has also purchased tens of millions of dollars in spare parts for Mobarakeh Steel Company;

Mobarakeh Steel Company, the largest flat steel producer in the Middle East and North Africa region, which accounts for approximately one percent of Iran’s gross domestic product was also designated in 2020 for operating in Iran’s steel sector, and was sanctioned by the seven member nations of the Terrorist Financing Targeting Center in October 2019 for being part of Iran’s terror support network. Sales agents generated tens of millions of dollars annually from the foreign sale of Mobarakeh Steel Company products, providing significant contributions to the billions of dollars generated overall by Iran’s steel, aluminum, copper, and iron sectors;

“The Iranian regime continues to use profits from metals manufacturers and foreign sales agents to fund destabilizing behavior around the world,” said Secretary Steven T. Mnuchin. “The United States remains committed to isolating key sectors of the Iranian economy until the revenues from such sectors are refocused toward the welfare of the Iranian people.;

Mobarakeh Steel Company has provided millions of dollars annually to Mehr Eqtesad Iranian Investment Company, an entity with close ties to Iran’s paramilitary Basij force, which is controlled by the IRGC, and its Bonyad Taavon Basij;

Industry:
Steel Industry

Also Known As:
Tara Steel Trading GmbH

Country:
Germany

Address:
Grafenberger Allee 151, Dusseldorf, Nordrhein-Westfalen 40237, Germany

Phone:
49-21-169-0620

Website:
www.tarasteel.com

E-mail:
info@tarasteel.com

National ID No.:
40227B33411 (Germany)

V.A.T. Number:
DE812137575 (Germany)

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 June 25, 2020 pursuant to Executive Order 13871 for being owned or controlled by, directly or indirectly, Mobarakeh Steel Company;


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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.