Moallem Insurance Company

Owned and controlled by the Iran Regime

Status:Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

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

Info:
Has provided maritime insurance to Islamic Republic of Iran Shipping Lines (IRISL) vessels;

According to the U.S. Department of the Treasury, IRISL and affiliates provide logistical services to Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL);

Company shareholders have included Iran Insurance Co., Export Development Bank of Iran, Bank Melli Iran, Bank Saderat Iran, Bank Tejarat, Dana Insurance Co., Asia Insurance Co., and Alborz Insurance Co.;

Industry:
Insurance

Also Known As:
Moalem Insurance Company
Moallem Insurance
Moallem Insurance Co.
M.I.C.
Export and Investment Insurance Co.

Established:
1994

Country:
Iran

Address:
– No 56, Haghani Boulevard, Vanak Square, Tehran 1517973511, Iran

Phone:
9821887791835

Website:
www.mic.co.ir

Email:
info@mic-ir.com
habibi.mo@mic-ir.com
info@mac-ir.com
moalleminsurance@yahoo.com

Articles/Reports:
» Re-insurers gone rogue;

Person of interests:
Mohammad Reza Abbassi

Reason for the color:
» As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on December 21, 2010, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Company shareholders have included Iran Insurance Co., Export Development Bank of Iran, Bank Melli Iran, Bank Saderat Iran, Bank Tejarat, Dana Insurance Co., Asia Insurance Co., and Alborz Insurance Co.;