Mahmud Ashtari

ifmat-black figures

Received hundreds of thousands of dollars for vessel expenses and contracts, often related to iron or metal shipments from Iran

Country:

Iran  

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:
Mahmud Ashtari is the managing director of Hamrahan Pishro Tejarat Trading Company (Hamrahan Pishro Tejarat), which charters tankers and transports cargo to international destinations, such as Syria and China. Ali Qasir worked with Mahmud Ashtari, Hamrahan Pishro Tejarat, and Hizballah-linked Talaqi Group to facilitate the sale of tens of millions of dollars’ worth of steel debar;

Mahmud Ashtari has received hundreds of thousands of dollars for vessel expenses and contracts, often related to iron or metal shipments from Iran. He also ensures ports can accommodate the vessels and advances their discharged goods toward their final destination;

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) on September 4, 2019 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;

Also Known As:
Ashtari, Mahmood
Ashtari, Mahmoud

National ID No:
0062502034 (Iran)

Country:
Iran

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 assisting in, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Ali Qasir;
» Map of designated network;