Access Technology Trading L.L.C (Access Technology), which is based in Dubai and formerly known as ME Access Technology General Trading FZE, has purchased petrochemicals from PGPICC worth tens of millions of dollars for shipment to the People’s Republic of China (PRC);
Throughout 2022, Hong Kong-based Highline Logistic HK Limited served as a front company to enable PGPICC to receive millions of dollars from customers, including Access Technology, obfuscating PGPICC’s role in the transactions. To further conceal their roles in the transactions, PGPICC and its complicit business partners, such as Access Technology, altered invoices to evade anti-money laundering controls. Additionally, since late 2021, Dubai-based Monch General Trading L.L.C. has purchased petrochemical products worth more than $10 million dollars from PGPICC to broker sales to to the PRC.
On November 17, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 13 companies in multiple jurisdictions facilitating the sale of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to buyers in East Asia on behalf of sanctioned Iranian petrochemical brokers Persian Gulf Petrochemical Industry Commercial Co. (PGPICC) and Triliance Petrochemical Co. Ltd. (Triliance), as well as the National Iranian Oil Company (NIOC) and its marketing arm, Naftiran Intertrade Company Ltd. (NICO).
Also Known As:
ME Access Technology General Trading FZE
United Arab Emirates
SM-OFFICE-01-204 S, Dubai, United Arab Emirates; SM Office, D1-204S, Ajman, United Arab Emirates
Organization Established Date:
04 Apr 2022
1048510 (United Arab Emirates)
1368637 (United Arab Emirates)
Economic Register Number:
(CBLS) 11859002 (United Arab Emirates)
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 November 17, 2022 pursuant to Executive Order 13846 for, on or after November 5, 2018, having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, PGPICC;