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:
Susan Yip admitted to primarily using her companies in Taiwan Hivocal Technology Company Ltd. to carry out the fraudulent scheme to buy items in the United States and arranged to have them unlawfully shipped to Iran;

In October 2012, a third co-defendant, Susan Yip (aka Susan Yeh), a citizen of Taiwan, was sentenced to two years in federal prison after pleading guilty to conspiring to violate the ITR by acting as a broker and conduit for Foomanie to buy items in the U.S. and have them unlawfully shipped to Iran;

According to the indictment, Foomanie also bought or attempted to buy items in the U.S. and arranged to have them unlawfully shipped to Iran through his companies in Iran (Morvarid Shargh Co. Ltd.); in Hong Kong (Panda Semiconductor and Foang Tech Inc., aka Ofogh Electronics Co.); and, in China (Ninehead Bird Semiconductor). The indictment also alleges that Ansari attempted to transship and transshipped cargo obtained from the U.S. by Yip and Foomanie using Ansari’s company, Gulf Gate Sea Cargo L.L.C., located in Dubai, United Arab Emirates. In her guilty plea, Yip admitted to primarily using her companies in Taiwan (Hivocal Technology Company, Ltd.; Enrich Ever Technologies Co., Ltd.; and, Kuang-Su Corporation) and in Hong Kong (Infinity Wise Technology; Well Smart (HK) Technology; Pinky Trading Co., Ltd.; and, Wise Smart (HK) Electronics Limited) to carry out the fraudulent scheme;

From Oct. 9, 2007, to June 15, 2011, the defendants obtained or attempted to obtain from companies worldwide over 105,000 parts valued at approximately $2,630,800 involving more than 1,250 transactions. The defendants conducted 599 transactions with 63 different U.S. companies where they obtained or attempted to obtain parts from U.S. companies without notifying the U.S. companies these parts were being shipped to Iran or getting the required U.S. Government license to ship these parts to Iran;

At no time did Yip, Foomanie, or Ansari, individually or through any of their companies, ever apply for or receive either a required U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) license or Department of Commerce export license to ship any item listed in this Indictment to the Republic of Iran;

The Iranian Transactions Regulations, renamed the Iranian Transactions and Sanctions Regulations in October 2012, prohibit, among other things, the exportation, re-exportation, sale or supply, directly or indirectly, to Iran or the Government of Iran, of any goods, technology or services from the U.S. or by a U.S. person. The embargo also prohibits any transaction by any U.S. person or within the U.S. that evades or avoids, or has the purpose of evading or avoiding, any prohibition set forth in the Executive Orders;

Involved In:
Nuclear Weapon Program
Missile Weapon Program

Also Known As:
Hivocal Technology Company, Ltd.

Country:
Taiwan

Address:
10F, No. 736, Jhongjheng Road, Jhonghe City, Taipei County 235, Taiwan

Reason for the color:
» Bureau of Industry and Security, Commerce – The Entity List (Supplement No. 4 to part 744) identifies entities and other persons reasonably believed to be involved, or to pose a significant risk of being or becoming involved, in activities contrary to the national security or foreign policy interests of the United States;


You May Be Interested

IFMAT Color Guide

×
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.