Info:
Fung Tak Enterprise was involved in the diversion of U.S.-origin unmanned aerial vehicle parts, as well as other items, to Iran via China without the required licenses;
Fung Tak Enterprise was instrumental in the procurement and/or re-transfer of U.S.-origin items to Iran, in violation of the Iranian Transactions and Sanctions Regulations and the EAR, and are implicated as being directly involved in activities that are contrary to the national security or foreign policy interests of the United States as set forth in § 744.11(b) of the EAR;
The ERC determined to add Fung Tak Enterprise, to the Entity List under the destination of Iran for actions contrary to the national security or foreign policy interest of the United States. Specifically, these individuals are added on the basis of their support for nuclear-related activities that are contrary to the national security or foreign policy of the United States;
Also Known As:
Hong Kong Fung Tak Enterprise
Country:
Hong Kong
Address:
FLAT/RM A 30, 9/F Silvercorp International Tower, 707-713, Nathan Road, Mongkok, Kowloon, Hong Kong
Reason for the color:
» BIS Adds 47 Entities, Including Iranian Scientists, to Entity List – 09/22/2020;