Generation Trading

ifmat-blackcompanies

Iran’s MODAFL has used a United Arab Emirates-based (UAE-based) front company, Generation Trading FZE, to facilitate the sale of sample UAV models, UAV parts, and related ground stations to SEZ Alabuga to support UAV production in Russia

Country:

United Arab Emirates  

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:
Iran’s MODAFL has used a United Arab Emirates-based (UAE-based) front company, Generation Trading FZE, to facilitate the sale of sample UAV models, UAV parts, and related ground stations to SEZ Alabuga to support UAV production in Russia. Generation Trading FZE has received millions of dollars’ worth of payments from SEZ Alabuga and its subsidiaries in support of MODAFL’s contract, which is worth hundreds of millions of dollars.

Generation Trading FZE was designated pursuant to E.O. 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, MODAFL.

Also Known As:
Generation Trading FZE
Arabic: جينيراشن تريدينغ م.م.ح
GENERATION TRADING FREE ZONE ESTABLISHMENT

Organization Established Date:
25 Nov 2018

Country:
United Arab Emirates

Address:
Al-Sabkha Tower, Baniyas Road, 109, Floor 8, Suite 810, Al-Sabkha, Deira, Dubai, United Arab Emirates
Business Center, Rakez, Ras al-Khaimah, United Arab Emirates

License:
5020355 (United Arab Emirates)

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 02/23/24 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, MODAFL;