Synergy General Trading

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:
Involved in obtaining and transferring U.S. currency to Iran;

Part of a network of front companies and individuals acting on behalf of the Government of Iran to circumvent international sanctions;

Acted on behalf of various Iranian government entities and conspired with Greek businessman Dimitris Cambis to help Iran evade sanctions;

According to the U.S. Treasury Department:
Network of Iranian government front companies includes Sima General Trading, Polinex General Trading, Asia Energy General Trading and Synergy General Trading;

This network of UAE-based Iranian government front companies has conducted business on behalf of previously sanctioned entities such as Naftiran Intertrade Company (NICO) Sarl, which was identified as a Government of Iran entity in 2008. Sima General Trading and Asia Energy General Trading conduct business on behalf of NICO Sarl, and NICO Sarl has made payments to Synergy General Trading;

Dimitris Cambis, President of Impire Shipping Limited (Impire), established his shipping company, as well as several front companies, to purchase oil tankers while disguising the fact that the tankers were being purchased on behalf of the National Iranian Tanker Company (NITC). These front companies were used to obscure the fact that these vessels, which are capable of carrying roughly 200 million dollars worth of oil per shipment, are the property of the Iranian government;

Industry:
Shipping Industry

Also Known As:
Synergy General Trading FZE

Country:
United Arab Emirates

Address:
Sharjah – Saif Zone, Sharjah Airport International Free Zone, 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 3/14/2013 pursuant to Executive Order 13599, which blocks the property of the Government of Iran;
» 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 11/05/2018 for being owned and controlled by Iran Regime;;


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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.