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January 23, 2020: OFAC sanctions more under Iran program

On Thursday, OFAC added the following individuals:

BAYANDARIAN, Ali (a.k.a. BAYANDORIAN, Ali); DOB 21 Sep 1974; Gender Male; Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: IMPORT SANCTIONS.  Sec. 5(a)(vi); National ID No. 0070631166 (Iran) (individual) [IRAN-EO13846] (Linked To: TRILIANCE PETROCHEMICAL CO. LTD.). 

 

WANG, Zhiqing (Chinese Simplified: 王志清) (a.k.a. ZHIQING, Wang), 2 301 No.129 Yongshi Living Area Huangong Road, Zibo, Shandong, China; DOB 01 Jun 1961 to 30 Jun 1961; nationality China; Gender Male; Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: IMPORT SANCTIONS.  Sec. 5(a)(vi) (individual) [IRAN-EO13846] (Linked To: SHANDONG QIWANGWA PETROCHEMICAL CO., LTD.).

and entities:

BENEATHCO DMCC (a.k.a. BENEATHCO GENERAL TRADING DMCC), Unit No: 3O-01-1432, Jewellery and Gemplex 3, Plot No: DMCC-PH2-JandGPlexS, Jewellery and Gemplex, Dubai, United Arab Emirates; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN-EO13846] (Linked To: NATIONAL IRANIAN OIL COMPANY). 

 

JIAXIANG INDUSTRY HONG KONG LIMITED (a.k.a. JIAXIANG INDUSTRY LTD; a.k.a. JIAXIANG INDUSTRY LTD HONG KONG), Unit 1105, Hua Qin International Building, 340 Queen’s Road Central, Hong Kong, Hong Kong; Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON.  Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS.  Sec. 5(a)(vi); Commercial Registry Number 2026412 (Hong Kong) [IRAN-EO13846]. 

 

PEAKVIEW INDUSTRY CO., LIMITED (a.k.a. PEAKVIEW INDUSTRY), Room 1105 Hua Qin International Bldg, 340 Queen’s RD C, Sheung Wan, Hong Kong, Hong Kong; Shanghai, China; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 2026419 (Hong Kong) [IRAN-EO13846] (Linked To: NATIONAL IRANIAN OIL COMPANY). 

 

SAGE ENERGY HK LIMITED, Hong Kong; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 2767880 (Hong Kong) [IRAN-EO13846] (Linked To: NATIONAL IRANIAN OIL COMPANY). 

 

SHANDONG QIWANGWA PETROCHEMICAL CO., LTD. (Chinese Simplified: 山东齐旺达石油化工有限公司) (a.k.a. SHANDONG QIWANGDA GROUP PETROCHEMICAL CO., LTD.), No. 199 Jinxi Road, Linzi District, Zibo, Shandong Province, China (Chinese Simplified: ⾦烯路199号, 临淄区, 淄博市, 山东省, China); Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON.  Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS.  Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii); United Social Credit Code Certificate (USCCC) 913703007915042556 (China); Registration Number 370300400000413 (China) [IRAN-EO13846]. 

 

TRILIANCE PETROCHEMICAL CO. LTD. (Chinese Traditional: 眾祥石化有限公司) (a.k.a. TIBA PARSIAN KISH PETROCHEMICAL; a.k.a. TIBA PETROCHEMICAL COMPANY DMCC; f.k.a. TRILIANCE KISH PETROCHEMICAL COMPANY; a.k.a. TRILIANCE PETROCHEMICAL CO LTD; a.k.a. TRILIANCE PETROCHEMICAL CO., LIMITED; a.k.a. TRILIANCE PETROCHEMICAL COMPANY; a.k.a. TRILIANCE PETROCHEMICAL GMBH; a.k.a. TRILIANCE PETROLEUM SHANGHAI CO., LTD (Chinese Simplified: 众祥石油 上海 有限公司)), 15/F Radio City, 505 Hennessy Rd, Causeway Bay, Hong Kong, Hong Kong; 3F-A, Tower 3 YouYou Century Plaza, 428 Yang Gao RD(S), Shanghai 200127, China (Chinese Simplified: 杨高南路428号由由世纪广场3号楼3A, 上海 200127, China); Romischer Ring 11, Frankfurt am Main, Hessen 60326, Germany; Friedrich-Ebert-Anlage 36, Frankfurt am Main, Hessen 60325, Germany; No. 4, 5th Alley, Iran Zamin Street, Shahrak Gharb, Tehran, Tehran, Iran; Unit 301, 3rd Floor, Diplomat Commercial Office Complex, Sahel Street, Kish Island, Iran; Unit 1805, 18th Floor, Jumeirah Bay Tower X3, Cluster X, Plot JLT-PH2-X3A, Jumeirah Lake Towers, Dubai, Dubai, United Arab Emirates; Room 301-37, 3/F., Building 1, No. 38 Debao Road, Pilot Free Zone, Shanghai, China (Chinese Simplified: 德堡路38号1幢三层301-37室, 自由贸易试验区, 上海, China); Unit C, 10/F., Building No. 2, No. 428 Yanggao South Road, Pudong New Area, Shanghai, China (Chinese Simplified: 市浦东新区杨高南路428号2号楼10楼C座, 上海, China); Unit No: 15-PF-137, Detached Retail 15, Plot No: JLT-PH1-RET-I5, Jumeirah Lakes Towers, Dubai, United Arab Emirates; Additional Sanctions Information – Subject to Secondary Sanctions; Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON.  Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS.  Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii); National ID No. 60313B106405 (Germany); alt. National ID No. 14004797459 (Iran); Commercial Registry Number 1831791 (Hong Kong); Company Number HRB 106405 (Germany); United Social Credit Code Certificate (USCCC) 91310000MA1K30UQ75 (China); Registration Number 310141000214539(China) [IRAN-EO13846] (Linked To: NATIONAL IRANIAN OIL COMPANY).

to its Iran sanctions program.

And the State Department issued the following statement:

Today, the United States is taking new steps as part of our maximum economic pressure campaign to deny the Iranian regime all sources of revenue to fund its destabilizing activities.  The Department of State is imposing sanctions on Chinese company Shandong Qiwangda Petrochemical Co. Ltd., Hong Kong-based Triliance Petrochemical, and Hong Kong entity Jiaxiang Industry Hong Kong Limited for knowingly engaging in a significant transaction for the purchase, acquisition, sale, or transport of petrochemical products from Iran, pursuant to Executive Order (E.O.) 13846.  We are also imposing sanctions on two of the executive officers of the companies identified above, Ali Bayandarian, managing director of Triliance Petrochemical, and Zhiqing Wang, chairman and legal representative of Shandong Qiwangda Petrochemical Co., Ltd.

In addition to these actions, the Department of the Treasury is also designating Triliance Petrochemical, Hong Kong entity Sage Energy HK Limited, Chinese entity Peakview Industry Co., and UAE entity Beneathco DMCC, for assisting or supporting the previously sanctioned National Iranian Oil Company (NIOC), pursuant to E.O. 13846.  These entities have collectively transferred hundreds of millions of dollars to NIOC, which has been instrumental in financing Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the terrorist groups and militias around the Middle East that it supports.

The entities targeted today continued to facilitate Iran’s petrochemical and petroleum exports contrary to U.S. sanctions.  All entities and individuals in the petrochemical sector should take notice.  The United States will not waver in its commitment to sanctions enforcement.  As long as the Iranian regime continues to exploit revenue from its petroleum and petrochemical industries to fund destabilizing activities, we will sanction any entity or individual that facilitates such trade.  The Iranian regime must cease its destabilizing activities or it will continue to face even greater economic pressure and diplomatic isolation.  Our sanctions will remain in place until Iran changes its behavior.  We will continue to expose the regime’s malign activities, self-dealing, and outright oppression.

Notice how more and more, it’s State that’s issuing press releases, rather than Treasury? Curious…

Links:

OFAC Notice

State Department Press Release

Categories: Iranian Sanctions OFAC Updates Sanctions Lists

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