Hydro Company

ifmat-blackcompanies

Lebanon-based Hydro Company for Drilling Equipment Rental (Hydro) is involved in financing the IRGC-QF by facilitating the shipment of Iranian commodities worth hundreds of millions of dollars to Syria

Country:

Lebanon  

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:
Lebanon-based Hydro Company for Drilling Equipment Rental (Hydro) is involved in financing the IRGC-QF by facilitating the shipment of Iranian commodities worth hundreds of millions of dollars to Syria. Hydro operates under the direction of senior IRGC-QF officers and maintains commercial ties with U.S.-designated Hizballah and IRGC-QF front company Lebanon-based Concepto Screen S.A.L.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three entities and one individual located in Lebanon and Türkiye for providing critical financial support to an Iranian Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Hizballah financial network. These entities have generated hundreds of millions of dollars’ worth of revenue from selling Iranian commodities, including to the Syrian government. These commodity sales provide a key source of funding for the IRGC-QF and Hizballah’s continued terrorist activities and support to other terrorist organizations throughout the region.

“Today’s action underscores our resolve to prevent the IRGC-QF and its proxy terrorist groups from exploiting the international trading system to fund their destabilizing activities,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “The United States will continue to take action to expose and disrupt these illicit schemes.”

Also Known As:
Hydro Company for Drilling Equipment Rental
HYDRO COMPANY S.A.L.
HYDRO DRILLING EQUIPMENT RENTAL S.A.L.

Country:
Lebanon

Commercial Registry Number:
1024713 (Lebanon)

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 31, 2024 pursuant to Executive Order 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the IRGC-QF;