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:
Allegedly attempted to export 7075 T6 aluminum tubing used in aerospace applications from a U.S.-based company to Malaysia, using Antwerp, Belgium as a transshipment point, on behalf of a front-company owned by an individual with ties to Iran, without first obtaining a required license from the U.S. Department of Commerce, Bureau of Industry and Security (BIS); allegedly knowingly falsified information on BIS forms and a Shipper’s Export Declaration, stating that the ultimate consignee for the aluminum tubing was located in Belgium.

Managing director of Belgium-based Industrial Metals and Commodities;

Involved In:
Military Weapon Program

Nationality:
Belgium

Country:
London, United Kingdom
Brussels, Belgium

Operating Country:
Malaysia

Reason for the color:
» Arrested on June 25, 2013 in New York City, for allegedly attempting to illegally export aluminum tubing to Iran, via Malaysia; charged with three counts, including one count of violating the International Emergency Economic Powers Act (IEEPA) and two counts of falsifying statements on U.S. export forms;
» Added on 08/14/2019 to the U.S. Department of Commerce’s Entity List of end users subject to heightened export license requirements due to involvement in proliferation activities or other activities of national security concern;
» Newly Unsealed Federal Indictment Charges Iranian Businessman with Illegally Exporting Nuclear Nonproliferation-Controlled Materials from Illinois;


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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.