Al Fida International General Trading

Collaborated with Al Hilal Exchange to provide Bank Mellat with access to foreign currency, Bank Mellat transferred currency to Al Hilal Exchange through an Al Fida General Trading account in an attempt to obscure the origins of the funds

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

Risk Level:unknown %

Has provided financial services to sanctioned Iranian banks;

Worked with Al Hilal Exchange to provide Bank Mellat access to foreign currency;

Administered a transaction between Al Hilal Exchange and Bank Mellat in an attempt to conceal the origins of the funds;

Shares an address with Al Hilal Exchange;

United Arab Emirates

P.O. Box: 28774, Office Tower 16th Floor Flat 1065, Emirates Concorde Hotel, Dubai, United Arab Emirates

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 May 15, 2013, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;