Info:
Ascotec Science and Technology GmbH is a Dusseldorf, Germany-based entity that is wholly-owned by Ascotec Holding GmbH;
Ascotec Science and Technology GmbH is part of Iran’s foreign trade network;
Ascotec Holding GMBH is involved in the procurement of goods for Iran missile program;
The Ascotec Holding GmbH [established in 1990] is owned by the Iranian regime and is subordinate to the Iranian Ministry of Industries and Mines (IMIDRO);
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;
Industry:
Supply & Procurement Steel
Steel & Raw Material Trading
Engineering
Development and Empowerment of the Steel Industry
Involved In:
Military Weapon Program
Missile Weapon Program
Also Known As:
ASCOTEC Science and Technology
Country:
Germany
Address:
Tersteegenstr. 10, Dusseldorf 40474, Germany
Phone:
+49 211 47 05 20
Website:
http://www.ascotec.com
E-mail:
info@ascotec.com
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 11/05/2018 as an entity owned or controlled by the government of Iran;
» 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 August 3, 2010;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Ascotec Holding GMBH is involved in the procurement of goods for Iran missile program;