Info:
Daniel Y. He (He Yi), President of Reach Holding Group (Shanghai) Company Ltd., is being sanctioned pursuant to Iran Sanctions Act Section 6(a)(11) as a part of this action;
Reach Holding Group (Shanghai) Company Ltd. and Eric Chen (Chen Guoping), Chief Executive Officer of Reach Holding Group (Shanghai) Company Ltd., have been designated pursuant to IFCA Section 1244(d)(1)(A) for having knowingly sold, supplied, or transferred to Iran significant goods or services used in connection with the shipping sector of Iran;
The international community has long recognized that the Iranian regime uses the Islamic Republic of Iran Shipping Lines (IRISL) to transport proliferation-sensitive items intended for Iran’s ballistic missile and military programs. A provision of UN Security Council Resolution 1929 mandates vigilance when doing business with IRISL and entities owned or controlled by IRISL under certain circumstances. This provision is now in effect due to the snapback of UN sanctions;
On June 8, 2020, the State Department designated IRISL and IRISL’s Shanghai-based subsidiary, E-Sail Shipping Company Ltd., pursuant to Executive Order 13382 for their proliferation-related conduct. The State Department warned that any stakeholder who continued doing business with IRISL or E-Sail was at risk of sanctions. Since the June 2020 designation of IRISL and E-Sail, Reach Holding Group (Shanghai) Co. Ltd. and Reach Shipping Lines arranged for port berths for IRISL vessels at Chinese ports. Reach Shipping Lines knowingly sold, supplied, or transferred four large container vessels to IRISL’s subsidiary, HDASCO;
In addition to the foregoing activities, since the June 2020 designation of IRISL and E-Sail pursuant to E.O.13382, Reach Holding Group (Shanghai) Company Ltd. and its subsidiary, Reach Shipping Lines, have provided services to IRISL, E-Sail, and HDASCO to help these Iranian shipping entities evade the consequences of U.S. sanctions. For instance, during this time, Reach Holding Group (Shanghai) Company Ltd. has also taken actions and performed certain services for IRISL and its subsidiaries specifically designed to shield Chinese entities from U.S. sanctions; likewise, Reach Shipping Lines has been involved in activities, services, and the provision of goods to IRISL and its subsidiaries intended to conceal IRISL and it subsidiaries’ activities from Chinese government, industry, and maritime stakeholders. Additionally, Reach Holding Group (Shanghai) Company Ltd. has also worked on behalf of IRISL and its subsidiaries to conceal these Iranian entities activities in the PRC including by lying to Chinese companies about the roles of IRISL and its subsidiaries in shipments and by falsifying documents and engaging in other deceptive practices so that Chinese government, industry, and maritime stakeholders would not know about IRISL and its subsidiaries activities in the PRC;
Industry:
Shipping Industry
Also Known As:
He, Daniel Y.
He, Daniel Yi
He, Yi
Born:
06 Jul 1965
Country:
China
Address:
Hangzhou, China
Passport:
G47432853 (China)
G30884221 (China)
Reason for the color:
» The United States Imposes Sanctions on Chinese and Hong Kong Persons for Activities Related to Supporting the Islamic Republic of Iran Shipping Lines – October 19, 2020;