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 Treasury Designates 24 Shipping Companies Affiliated with IRISL, Two Entities Tied to Iran’s Aerospace Industries Organization


1/13/2011
WASHINGTONThe U.S. Department of the Treasury today announced the designation of 24 shipping companies affiliated with the Islamic Republic of Iran Shipping Lines (IRISL) and two entities that are subordinates of Iran’s Aerospace Industries Organization (AIO).  Today’s actions build on Treasury’s efforts to expose the financial and corporate underpinnings of IRISL and AIO, two entities that face international sanctions for their involvement in Iran’s missile programs. The actions respond to continuing efforts by Iran to evade sanctions and its ongoing creation and use of new front companies, subsidiaries, affiliates, and other deceptive measures to protect IRISL and AIO and to advance its proliferation activities.
 
“IRISL is under tremendous financial pressure from international sanctions, and it is going to extreme lengths to obscure its network and the ownership of vessels,” said Under Secretary for Terrorism and Financial Intelligence Stuart Levey. “Today’s designations expose the latest in a string of deceptive measures Iran is taking to continue its illicit conduct.”
 
AIO is a subsidiary of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), the arm of the Iranian military that oversees its ballistic missile program, and oversees all of Iran’s missile industries. AIO was listed in the Annex to Executive Order (E.O.) 13382 in June 2005.  The Department of State designated MODAFL pursuant to E.O. 13382 in October 2007, and Treasury designated IRISL in September 2008 pursuant to E.O. 13382 for providing logistical services, including facilitating shipments of military related cargoes for to MODAFL.
 
Pursuant to E.O. 13382 – which is aimed at freezing the assets of proliferators of weapons of mass destruction and their supporters, thereby isolating them from the U.S. financial and commercial systems – Treasury today designated:
 
  • Four Hong Kong based shipping companies – Starry Shine International Limited, Ideal Success Investments Limited, Top Glacier Company Limited, and Top Prestige Trading Limited – for being owned and managed by Ahmad Sarkandi and Ghasem Nabipour, two individuals designated by Treasury in October 2010 for acting for or on behalf of IRISL.
 
  • Sixteen shipping companies, each based at the same address in Hong Kong, for being owned or controlled by IRISL or affiliated entities.  In late 2009, these sixteen companies became the owners of a series of vessels, each of which is already identified on OFAC's Specially Designated Nationals and Blocked Persons List as blocked property tied to IRISL, that were previously owned by the four Hong Kong companies listed above.
 
  • Four shipping companies that share their Isle of Man registered addresses with eight previously-designated shipping companies wholly-owned by IRISL, for being owned or controlled by IRISL or IRISL front companies.
 
  • Shahid Ahmad Kazemi Industries Group, a subordinate to AIO that is responsible for the development and production of surface-to-air missiles. It is suspected of soliciting foreign technology for Iran’s missile programs and participating in North Korea's missile-related programs. North Korea has provided significant assistance to Iran in its development of ballistic missiles and missile technology.
 
  • M. Babaie Industries, also linked to Iran’s WMD proliferation efforts and suspected of soliciting foreign technology for Iran’s missile programs, was designated for being owned or controlled by, or acting  for or on behalf of AIO.
 
Identifying Information:
 
Entity:             STARRY SHINE INTERNATIONAL LIMITED
Address:          RM B 12th Floor Two Chinachem Plaza
135 Des Vouex Rd C, Central District
Hong Kong Island, Hong Kong
 
Entity:             IDEAL SUCCESS INVESTMENTS LIMITED
Address:          RM B 12th Floor Two Chinachem Plaza
                        135 Des Vouex Rd C, Central District
                        Hong Kong Island, Hong Kong
 
Entity:             TOP GLACIER COMPANY LIMITED
Address:          RM B 12th Floor Two Chinachem Plaza
                        135 Des Vouex Rd C, Central District
                        Hong Kong Island, Hong Kong
 
Entity:             TOP PRESTIGE TRADING LIMITED
Address:          RM B 12th Floor Two Chinachem Plaza
                        135 Des Vouex Rd C, Central District
                        Hong Kong Island, Hong Kong
 
Entity:             ALPHA EFFORT LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             SANDFORD GROUP LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:                         SMART DAY HOLDINGS GROUP LIMITED
Address:          15th Floor Tower One Lippo Center
89 Queensway, Hong Kong
 
Entity:         SYSTEM WISE LIMITED
Address:      15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             LOGISTIC SMART LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             NEW DESIRE LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:              ADVANCE NOVEL LIMITED
Address:           15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:              CONCEPT GIANT LIMITED
Address:           15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             PARTNER CENTURY LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             SINO ACCESS LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             TRUE HONOUR HOLDINGS LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             BEST PRECISE LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             GREAT METHOD LIMITED
Address:          15th Floor Tower One Lippo Center
89 Queensway, Hong Kong
 
Entity:             NEUMAN LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             SACKVILLE HOLDINGS LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             TRADE TREASURE LIMITED
Address:          15th Floor Tower One Lippo Center
 89 Queensway, Hong Kong
 
Entity:             LOWESWATER LIMITED
Address:          Manning House, 21 Bucks Road
                        Douglas, IM1 3DA, Isle of Man
 
Entity:             MILL DENE LIMITED
Address:          Manning House, 21 Bucks Road
                        Douglas, IM1 3DA, Isle of Man
 
Entity:                   SHALLON LIMITED
Address:      Manning House, 21 Bucks Road
                        Douglas, IM1 3DA, Isle of Man
 
Entity:             SPRINGTHORPE LIMITED
                        Manning House, 21 Bucks Road
                        Douglas, IM1 3DA, Isle of Man
 
Entity:             SHAHID AHMAD KAZEMI INDUSTRIES GROUP
Address:      Pasdaran Avenue, Tehran, Iran
 
Entity:             M. BABAIE INDUSTRIES
AKA:              Shahid Babaie Industries
AKA:              Shahid Babaie Industries Complex
AKA:              Shahid Babaii Industries Co.
Address:          P.O. Box 16535-176; Tehran 16548, Iran
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