Wavelet Electronics

ifmat-blackcompanies

Wavelet Electronics has supplied or attempted to supply U.S.-origin items that could provide material support to Iran’s advanced conventional weapons and missile programs to entities designated by the U.S. Department of the Treasury’s Office of Foreign Assets Control as Specially Designated Nationals (SDN)

Country:

China  

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 US Commerce Department blacklisted Wavelet Electronics for attempting to provide support to Iran’s advanced conventional weapons and missile programmes via exports through China;

Wavelet Electronics has supplied or attempted to supply U.S.-origin items that could provide material support to Iran’s advanced conventional weapons and missile programs to entities designated by the U.S. Department of the Treasury’s Office of Foreign Assets Control as Specially Designated Nationals (SDN);

The department’s Bureau of Industry and Security added Wavelet Electronics to its entity list “under the destination of China for actions contrary to the national security or foreign policy interests of the United States”;

The updated list, published in the Federal Register, noted that “these companies have supplied or attempted to supply US-origin items that could provide material support to Iran’s advanced conventional weapons and missile programmes to entities” sanctioned by the US;

Their inclusion on the list prevents them from exporting, re-exporting or conducting in-country equipment transfers;

Involved In:
Nuclear Weapon Program
Missile Weapon Program

Industry:
Electronics Industry

Country:
China

Address:
Room 605, 6/F, Corporation Park, No. 11 on Lai Street, Shatin, New Territories, Hong Kong
Building A2-3, Haufeng Industrial Park, Shiyan, Baoan District, Shenzhen, China RM 511, 5/F, Corporation Park, 11 ON LAI Street, Siu Lek Yuen, Shatin, N.T. Hong Kong

Reason for the color:
» The US Commerce Department on Dec 16, 2021 blacklisted companies for attempting to provide support to Iran’s advanced conventional weapons and missile programmes via exports through China;