Kish P and I Club

Provided discounted P&I coverage for multiple vessels in the IRGC-QF-run network

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:
The provision of services, including protection and indemnity (P&I) insurance, and future dealings in blocked property can expose parties to sanctions. Iran’s Kish P&I Club has provided discounted P&I coverage for multiple vessels in the IRGC-QF-run network. Given its the provision of these services, Kish P&I Club is being designated pursuant to E.O. 13224 today for assisting in, sponsoring, or providing financial, material or technological support for, or financial or other services to or in support of, Mehdi Group;

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a large shipping network that is directed by and financially supports the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxy Hizballah. Over the past year, the IRGC-QF has moved oil worth hundreds of millions of dollars or more through this network for the benefit of the brutal Assad regime, Hizballah, and other illicit actors. Senior IRGC-QF official and former Iranian Minister of Petroleum Rostam Qasemi oversees this sprawling network, which features dozens of ship managers, vessels, and facilitators. This complex network of intermediaries enables the IRGC-QF to obfuscate its involvement in selling Iranian oil. The IRGC-QF also relies heavily on Hizballah officials and front companies to broker associated contracts. OFAC also is issuing a new shipping advisory to the maritime community warning of these types of schemes and the sanctions risks associated with blocked persons;

Industry:
Insurance Company

Also Known As:
Kish Protection and Indemnity Club
KPI

Born:
31 Oct 1967

Country:
Iran

Address:
Suite 6, 96 Maalek Ashtar Street Andisheh Blvd. Kish Island 7941777844, Iran
No-82, 2nd Floor, Soltani St., Nelson Mandela Blvd, Tehran 19677-13855, Iran

Phone:
+98 764 4425405

Website:
www.kishpandi.com

E-mail:
info@kishpandi.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 September 4, 2019 pursuant to Executive Order 13224 today for being owned or controlled by Mehdi Group;
» Map of designated network;