Risk Level:
unknown %

Status:
Medium Alert – Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.

Info:
Ferland Company Limited is Cyprus and Ukraine-based company;

Ferland Company Limited was designated pursuant to E.O. 13645 for providing material support to National Iranian Tanker Company (NITC). Representatives from Ferland Company Limited and National Iranian Tanker Company (NITC) were involved in the ship-to-ship transfer of Iranian crude oil in March 2013. Ferland Company Limited facilitated deceptive transactions for or on behalf of National Iranian Tanker Company (NITC);

Treasury also imposed sanctions on Ferland Company Limited pursuant to E.O. 13608, which targets foreign sanctions evaders, for facilitating deceptive transactions for or on behalf of National Iranian Tanker Company (NITC);

In March 2013, Ferland and National Iranian Tanker Company (NITC) cooperated in a scheme to sell Iranian crude oil deceptively in order to help Iran evade international sanctions which also involved a vessel owned by Dimitris Cambis. The scheme involved ship-to-ship transfers of oil between three oil tankers: Blackstone, a NITC vessel, Zap, a vessel controlled by Dimitris Cambis, and Aldawha, which was chartered by Ferland;

Also Known As:
Ferland Co. Ltd

Country:
Cyprus
Ukraine

Address:
29 A Anna Komnini St., PO Box 2303, Nicosia, Cyprus
5/7 Sabaneyev Most., Odessa, Ukraine

Person of interests:
Vitaly Sokolenko

Reason for the color:
» Ferland Company Limited was designated today pursuant to E.O. 13645 for providing material support to NITC. Representatives from Ferland Company Limited and NITC were involved in the ship-to-ship transfer of Iranian crude oil in March 2013. Ferland Company Limited facilitated deceptive transactions for or on behalf of NITC. Treasury previously imposed sanctions on Ferland Company Limited pursuant to E.O. 13608, which targets foreign sanctions evaders, for facilitating deceptive transactions for or on behalf of NITC;
» In March 2013, Ferland and NITC cooperated in a scheme to sell Iranian crude oil deceptively in order to help Iran evade international sanctions which also involved a vessel owned by Dimitris Cambis. The scheme involved ship-to-ship transfers of oil between three oil tankers: Blackstone, a NITC vessel, Zap, a vessel controlled by Dimitris Cambis, and Aldawha, which was chartered by Ferland;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» U.S. imposes sanctions on Iran’s petrochemical industry


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.