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:
Added to the U.S. Entity List by the U.S. Department of Commerce, Bureau of Industry and Security (BIS), due to involvement in activities that could be contrary to the national security or foreign policy interests of the United States;

Alleged associates of Ace Hub System in Malaysia, Kaam Chee Mun and Majid Seif were both charged in a 13-count indictment by a U.S. federal grand jury in Miami, Florida on September 11, 2008 for their participation in conspiracies to export U.S.-manufactured commodities to prohibited entities and to Iran;

The charges were the result of an investigation into the use of U.S.-made goods in the construction of improvised explosive devices (IEDs) used against Coalition Forces in Iraq and Afghanistan, and also targeted Ali Akbar Yahya, F.N. Yaghmaei, Mayrow General Trading, Atlinx Electronics, Micatic General Trading, Majidco Micro Electronics, Al-Faris, Neda Industrial Group, Bahman Ghandi, Farshid Gillardian, Djamshid Nezhad, Ahmad Rahzad, Eco Biochem SDN BHD, and Vast Solution SDN BHD; allegedly used by Seif and Kaam Chee Mun in the export of goods (including scintillation paint, temperature and humidity control devices, water valve devices, and pressure regulator devices) from the United States to Iran without the required government licenses or authorizations and in violation of the United States Iran Embargo; shares address with Kaam Chee Mun and Eco Biochem SDN BHD.

Also Known As:
Ace Hub System
Ace Hub

Involved in:
Military Weapon Program

Country:
Malaysia

Address:
No. 15, Jalan PJS 11/16, Taman Bandar Sunway, 46150 Petaling Jaya, Selangor, Malaysia

Person of interests:
Kaam Chee Mun
Majid Seif

Reason for the color:
» Effective September 22, 2008, added to the U.S. Entity List by the U.S. Department of Commerce, Bureau of Industry and Security (BIS), due to involvement in activities that could be contrary to the national security or foreign policy interests of the United States; no export or re-export involving this entity and any item subject to the U.S. Export Administration Regulations (EAR) is permitted without a license from the U.S. Commerce Department, Bureau of Industry and Security (BIS);


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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.