Info:
Astoria Star Heavy Equipment Trading is controlled by Ramin Jalalian and used to obfuscate MODAFL’s financial activity.
Between 2020 and 2023, Jalalian used his front companies to conduct transfers worth over $30 million in AED, euro, and dollars, including transfers linked to Iranian oil and petrochemical sales directed by MODAFL, frequently in collaboration with Omid Sepah, Hekmat Iranian, or Ansar Exchange.
Ramin Jalalian (Jalalian) is an Iranian currency exchanger and businessman who has managed several currency exchange businesses in Iran and the UAE in coordination with the MODAFL Supply Division for the purpose of bypassing U.S. and European sanctions on Iran. At the instruction of the MODAFL Supply Division, Jalalian establishes cover companies and accounts for MODAFL, holds MODAFL’s money in accounts outside of Iran, converts or transports currency across borders, retrieves revenue from sales of Iranian oil, and transfers funds to suppliers of MODAFL and the IRGC. Jalalian has worked directly with MODAFL to launder tens of millions of AED and euros through bank accounts in the UAE and Switzerland by using sales of gold as a pretext for conducting many large cross-border transactions.
Ramin Jalalian and the above entities are all being 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.
Involved In:
Financial Services
Also Known As:
Astoria Star Heavy Equipment Trading L.L.C.
(Arabic: استوريا ستار لتجارة المعدات الثقيلة ش.ذ.م.م)
Organization Established Date:
11 Oct 2017
Country:
United Arab Emirates
Address:
Deira Al Murar, Dubai, United Arab Emirates
Registration Number:
792037 (United Arab Emirates)
Economic Register Number (CBLS):
10961951 (United Arab Emirates)