Lancelin Shipping Company Limited

Risk Level:
unknown %

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

Info:
Lancelin Shipping Company Limited is Cyprus based company which is “wholly owned” subsidiary of the Islamic Republic of Iran Shipping Lines (IRISL);

Islamic Republic of Iran Shipping Lines (IRISL) is Iran’s Regime government owned company;

Also Known As:
Lancelin Shipping Company

Involved In:
Military Weapon Program

Country:
Cyprus

Address:
Fortuna Court, Block B, 284 Archiepiskopou Makariou C’ Avenue, 2nd Floor, 3105, Limassol, Cyprus

Person of interests:
Ahmad Sarkandi;

Reason for the color:
» Added on October 27, 2010 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Designated by the European Union on May 23, 2011 as a “wholly owned” subsidiary of the Islamic Republic of Iran Shipping Lines (IRISL);
» sanctions annulled by a judgment of the General Court of the European Union on on January 22, 2015;


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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.