Al Aqili Group

ifmat - Al Aqili

Activities of Al Aqili Group LLC include arranging oil sales for the IRGC and facilitating the circumvention of oil sanctions by disguising the oil’s origin

Country:

United Arab Emirates  

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:
Saeed Al Aqili uses his companies to assist Iran in selling oil in evasion of sanctions. Treasury is also identifying Al Aqili Group LLC for being owned by Saeed Al Aqili. Activities of Al Aqili Group LLC include arranging oil sales for the IRGC and facilitating the circumvention of oil sanctions by disguising the oil’s origin. Saeed Al Aqili also regularly does business in Iran and has conducted financial transactions with, or on behalf of, the Central Bank of Iran and Bank Melli Iran;

Saeed Al Aqili also assists Seyed Seyyedi’s group of front companies. Saeed Al Aqili and his representatives, working in conjunction with representatives of Sima General Trading, gave Seyyedi the authority to manage and conduct banking activities on behalf of KASB International LLC. Seyyedi and a network of his affiliated companies, including KASB International LLC, were identified pursuant to E.O. 13599 in September 2013 for providing support to Government of Iran entities, including NIOC, the Naftiran Intertrade Company (NICO) and Sima General Trading. Sima General Trading was identified in March 2013 pursuant to E.O. 13599 for providing support to Government of Iran entities. KASB International LLC, also known as First Furat Trading LLC, was one of the Al Aqili Group’s subsidiary companies;

Affiliated with Anwar Kamal Nizami – A Dubai-based Pakistani financial facilitator for KASB International LLC and is being designated pursuant to E.O. 13645;

Also Known As:
Al Aqili Group of Companies

Country:
United Arab Emirates

Address:
Oud Metha Tower, 10th Floor, PO Box 1496, Dubai UAE

Phone:
+971 4-324-8000

Website:
www.aqili.com

E-mail:
info@aqili.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 4/29/2014 pursuant to Executive Order 13645 for providing support in connection with deceptive oil deals for Iran;