Info:
Longford Trading process a large volume of payments from overseas customers of PGPICC.
From 2021 to 2022, PGPICC front company Longford Trading received tens of millions of dollars in payments from buyers;
A significant number of front companies operate out of Hong Kong, from where they receive the proceeds of petrochemical sales. A vast network of front companies operating in Hong Kong, Singapore, and the UAE, run by foreign exchange houses in Iran and the UAE, enable PGPICC to orchestrate the sale of billions of dollars’ worth of petrochemicals from Iran-based companies.
PGPICC was designated pursuant to E.O. 13382, a WMD authority, on July 7, 2019, for being owned or controlled by PGPIC, which itself was designated pursuant to E.O. 13382 for having provided financial support to Khatam al-Anbiya, the engineering conglomerate of Iran’s Islamic Revolutionary Guard Corps (IRGC).
Iranian entities, such as Persian Gulf Petrochemical Industry Commercial Co. (PGPICC) and Triliance Petrochemical Co. Ltd. (Triliance), access to the international financial system and obfuscate their trade with foreign customers. Iranian exchange houses create front companies abroad to enable trade on behalf of their Iranian clients, with foreign currency transactions maintained via internal ledgers. PGPICC is the marketing arm of sanctioned Iranian petrochemical conglomerate Persian Gulf Petrochemical Industries Company (PGPIC), which generates the equivalent of tens of billions of dollars annually for the Iranian regime.
Also Known As:
Longford Trading L.L.C
Organization Established Date:
12 Jul 2021
Country:
United Arab Emirates
Address:
P.O. Box 385002, Office 204, Essa Al Othman Building, Deira, Dubai, United Arab Emirates
Business Registration Number:
967661 (United Arab Emirates)
Economic Register Number (CBLS):
11704982 (United Arab Emirates)