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:
TechnoTar Engineering Company PLC engages in the design and production of refueling equipment in Iran and the Middle East. It offers refueling pumps and dispensers, filling station fuel pumps, refueling CNG dispensers, tank monitoring equipment, mobile filling stations, and lifting jack portable filling stations, assembles CNG storage tank in CNG stations and related frames and provides vapour recovery and after sale services;

According to U.S. Treasury Technotar Engineering is owned by Mehr Eqtesad Iranian Investment Company;

Mehr-e Eqtesad-e Iranian Investment Company is owned or controlled by Mehr Bank entity owned by The Basij Resistance Force;

Mehr Eqtesad Bank’s investment firm, Mehr Eqtesad Iranian Investment Company, acts as an intermediary for the economic entrenchment of the Basij and Bonyad Taavon Basij

The Basij’s involvement in Iran’s major industries extends to Iran’s mining of zinc, lead, and other minerals. This is also done through intermediaries to further obfuscate ties to the Basij and its companies. Technotar Engineering, which is an engineering firm owned by Mehr Eqtesad Iranian Investment Company, specializes in the production of refueling equipment, but it has recently purchased Taktar Investment Company;

Taktar Investment Company in turn purchased Iran’s Zinc Mines Development Company (IZMDC), Iran’s preeminent, multibillion-dollar zinc and lead mining and processing holding company;

OFAC designated Technotar Engineering Company pursuant to E.O. 13224 for being owned or controlled by Mehr Eqtesad Iranian Investment Company.

Technotar Engineering is working with with: Iran Oil Industry Equipment Manufactures Association, National Iranian Oil Company, N.I.O.P.D.C and Tabnak News Agency;

Industry:
Manufacture Industry

Established:
1969

Involved In:
Military Weapon Program

Also Known As:
Technotar Engineering
Technotar Engineering Company
TTECO

Country:
Iran

Address:
Number 10, Seventh Fath Street, 65 Metri Fath Highway, Tehran, Iran

Phone:
9 – 66794800 – 021

Website:
www.tecnotar.com

E-mail:
info@technotar.com

Person of interests:
Saeed Abbasi ( Managing Director and Board Member)
Heydar Munchi (Chairman of the Board)
Mehdi (Deputy Chairman of the Board)

Shareholders:
Investment Company of Mehr Iran Economics (Private Joint Stock) – 53.03%
Economic complex of Imam Khomeini Relief Committee – 5.88%
Negin Beach Royal (private equity company) – 3.67%
Other shareholders – 37.42%

Operational Scheme:
Bonyad support network IRGC’s financial lifeline

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 10.16.2018 pursuant to Executive Order 13224, for being owned or controlled by Mehr Eqtesad Iranian Investment Company;


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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.