Risk Level:
unknown %

Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Automotive industry supplier, specializing in engines and parts. Has presence in Iran;

ZF is listed as a participating company at the 14th International Exhibition of Transportation & Urban Services & Related Industries which takes place October 27-30th, 2016 in Tehran Iran;

In May 2016, ZF announced that it “is intensifying its business commitments in Iran. To this end, the company has opened up the ZF Pars SSK subsidiary, which will start to combine ZF’s business activities in the region.” Matthias Benz, Senior Vice President for Corporate Market at ZF, stated “‘[t]he Iranian market offers a great deal of potential.…The new Iranian subsidiary will enable us to concentrate our existing business activities, while also tapping into new business areas and acquiring new customers.’” Further, “[t]he business activities of this joint venture, which will continue to exist alongside the new ZF Pars SSK subsidiary, will be intensified; the production facility is also scheduled to be modernized and updated.” (ZF Website, “ZF Opens Subsidiary in Iran,” 6/15/2016);

In 2008 and 2014, ZF was reported as one of the “renowned German companies involved in major Iranian infrastructure projects, especially in the petrochemical sector;

ZF Friedrichshafen is mentioned as business partner with Shahab Khodro Company, entity owned by Astan Quds Razavi. Astan Quds Razavi is organization that sponsors terrorist organiations around the world;

Company ZF Friedrichshafen AG, supplies “truck cranes” to Iran. Iranian regime uses such cranes for public executions;

Automotive Industry

Also Known As:
ZF Friedrichshafen AG




Reason for the color:
» Shahab Khodro Company from Iran lists ZF Friedrichshafen from Germany as their business partner;
» ZF Opens Subsidiary in Iran;

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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)
Designated / Sanctioned / Illicit entities
Entities affiliated with Designated / Sanctioned / Illicit entities.
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
Entities in a problematic sector - Sector controlled by the Top Alert entities.
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.