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:
OFAC is designating Arfa Iron and Steel Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;

Arfa Iron and steel Co. is the biggest supplier of raw steel ingots in Iran, and one of the leading enterprises operating at regional and national levels. Arfa is the first Iranian iron and steel complex to use direct reduction and electric arc furnace methods. Throughout its active years, the company has committed itself to quality and customer service, to which our certificate of quality management system is a proof;

According to their official website, Arfa Iron and Steel Company is owned by:
1. Chadelmu Mining and Industrial Company – 43.69%
– Entity owned by Mobarakeh Steel Company – (Sanctioned by the U.S. Treasury Department)
2. Mining and Metals Development Investment Company – 20.51%
– Entity owned by Mobarakeh Steel Company – (Sanctioned by the U.S. Treasury Department)
3. Yaran tube rolling mill company – 16.99%
4. National Investment Company of Iran – 3.87%
5. Zarinshahr Treasury Investment Fund – 3.52%
6. Omid Investment Management Group Company – 2.98%
– Owned by Bank Sepah (Sanctioned by the U.S. Treasury Department)
7. Saba Noor Mining and Industrial Development Company – 0.77%

Shareholders of these companies have connections to the terrorist organizations IRGC. Income from this company, IRGC uses to sponsor terrorist organizations, sponsor terrorist attacks around the world, develop weapons of mass destruction and new ballistic missiles;

Established:
1992

Industry:
Metal Industry

Also Known As:
Arfa Iron and Steel Company
Arfa

Country:
Iran

Address:
No. 4, 4th floor, Iraj Allay, Nelson Mandela (Africa) Street, Tehran Iran

Phone:
26215812-021

Website:
www.arfasteel.com

Email:
info@arfasteel.com

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 January 10, 2020 pursuant to Executive Order 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
» Shareholders of Arfa Iron and Steel;


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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.