Info:
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.
Two shell companies based in the UAE and one based in Hong Kong, controlled by Jalalian and used to obfuscate MODAFL’s financial activity, are also being designated today:
Piera Global Trading L.L.C.
Astoria Star Heavy Equipment Trading L.L.C.
Golden Bronze Limited
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 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:
JALALAYAN, Ramin
JLALIYAN, Ramin
Organization Established Date:
09 Jun 1985
Country:
Iran
Address:
Tehran, Iran
Dubai, United Arab Emirates
National ID No.
0079844758 (Iran) (individual)