Penta Ocean

Manages billing and payments for Mehdi Group

Status:Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

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

Info:
Penta Ocean Ship Management & Operation LLC manages billing and payments for Mehdi Group;

India-based Mehdi Group and its director, Ali Zaheer Mehdi, have managed vessels and found additional ones to move Iranian oil. Mehdi Group bears responsibility for crewing and managing at least seven of the vessels used by the network. On August 30, 2019, Mehdi Group was designated pursuant to E.O. 13224 for assisting in, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Rostam Qasemi;

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a large shipping network that is directed by and financially supports the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxy Hizballah. Over the past year, the IRGC-QF has moved oil worth hundreds of millions of dollars or more through this network for the benefit of the brutal Assad regime, Hizballah, and other illicit actors. Senior IRGC-QF official and former Iranian Minister of Petroleum Rostam Qasemi oversees this sprawling network, which features dozens of ship managers, vessels, and facilitators. This complex network of intermediaries enables the IRGC-QF to obfuscate its involvement in selling Iranian oil. The IRGC-QF also relies heavily on Hizballah officials and front companies to broker associated contracts. OFAC also is issuing a new shipping advisory to the maritime community warning of these types of schemes and the sanctions risks associated with blocked persons;

Industry:
Shipping Industry

Also Known As:
Penta Ocean Ship Management & Operation LLC
Penta Ocean Ship Management And Operation LLC
Penta Ocean Ship Management
Penta Ocean Ship management & Operations
Penta Ocean Ship Management and Operations LLC

Registration Number:
658572 (United Arab Emirates)

Established:
2011

Country:
United Arab Emirates

Address:
3303, Saeed, Tower 1, Sheikh Zayed Road, P.O. BOX – 9614, Dubai, United Arab Emirates
Sheikh Zayed Road, sahid tower # 1, office # 3303, Dubai International Financial Centre Area, Dubai, United Arab Emirates
Office 2905, 29th Floor, Al-Attar Tower, Sheikh Zayed Road, Al Barsha 1, Dubai, United Arab Emirates

Phone:
+971 4-386-2678

Website:
www.pentaoceanship.com

E-mail:
info@pentaoceanship.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 September 4, 2019 pursuant to Executive Order 13224 today for being owned or controlled by Mehdi Group;
» Map of designated network;