WikiIran
KSC - Exposing Iran's Khouzestan Steel Company's International Clients Violating Sanctions
WikiIran's Exclusive
By
Editorial
/
August 2022

WikiIran has identified so far over 35 companies outside Iran that had purchased products from Iran's Khouzestan Steel Company (KSC), which is subject to the US sanctions. Original documents leaked recently from Iran's Khouzestan Steel Company (KSC), indicate that most of these companies had been fully aware that their business with the KSC were conducted in violation of the sanctions against this IRGC-controlled entity.

The KSC exports billions of USD of steel products every year, mainly to the following clients:

To view the proof, click on the customer's name

Far East:

Taiwan:

Customer's NameForeign Bank nameBank AccountApparent Role
CPI Group/ Capital Power International Co. LtdSunny Bank LTD7205800002606 / 033087500808 / 072058000025606, SWIFT: SUNYTWTPBroker/ End-User
Ren Yow Industrial Co., Ltd. (CPI Group Subsidiary)Taiwan Cooperative Bank LTD Offshore Banking Branch1069188030321Broker/ End-User

China:

Hong Kong:

Malaysia:

Customer's NameApparent Role
Atlantic Commodity Trading SDN BHDBroker

Europe:

Germany:

Customer's NameForeign Bank nameBank AccountIBANApparent Role
D.G.A Trading Germany gmbh ICBC (Asia) and Standard Chartered Bank861530125937, 1100002109Iranian Broker
ITRITEC GMBHEIH Bank Hamburg1005117559 / 42230006Iranian Broker
Kara Industrial TradingStadtsparkasse Dusseldorf1007035403DE05300501101007035403Iranian Broker

Spain:

Customer's NameIBANApparent Role
Valid S.A. CompanyES9801287700100500000186Broker

The United Kingdom:

Customer's NameForeign Bank nameIBANApparent Role
Belcore Global LtdThe Royal Bank Of ScotlandGB86RBOS16109010071498Broker

The Middle East:

The United Arab Emirates (UAE):

Customer's NameForeign Bank nameBank AccountIBANApparent Role
Atlantic Palaemon DMCCCommercial Bank Of Dubai1002554614Iranian Front Company For Belcore Global
Capital Steel Trading fzcoEmirates Islamic Business Banking3708305401301AE120340003708305401301Broker
Capital Steel Trading fzcoEmirates NBD1015451919001AE190260001015451919001Broker
CGT Commodities and Building Material LLCMCB Bank12290000014Broker
First Move Equipment Trading LLCDubai Islamic Bank, SZR Branch97520231786801AE670240097520231786801
Metso General Trading LLC
Norecom DMCCAE160240001520128459001Broker
Power Tech DWC LLCIranian Broker
PSI DMCC
Sun Way Petrochemicals Trading LLCCommercial Bank Of Dubai171003794532AE310230000001003794532
UMM Qaser Port General Trading LLCArab African International Bank - AAIB

Turkey:

Oman:

Customer's NameForeign Bank nameBank AccountApparent Role
Muscat Steel Industries Co. LLCOman Arab Bank3119027500300End-User
West Amber FZECommercial Bank Of Dubai

Iraq:

Qatar:

Customer's NameForeign Bank nameIBANApparent Role
Team Distribution and Trading ServicesQatar National BankQA24QNBA000000000013194209001Broker

Jordan:

The Virgin Islands:

Customer's NameForeign Bank nameIBANApparent Role
LTD STEEL LTD / LTD STEEL UD.Broker
Steel Resources LTDBank Al EtihadJO42UBSI1010000015704601615101Broker

As WikiIran has exposed in previous reports, the KSC's clients pay to the KSC through its front companies so to bypass the sanctions against the KSC.

All KSC's clients are presented in the following table. Attached are also some examples which stress the relationship between these front companies and the KSC, and, consequently, highlight the fact that the clients had been fully aware of the relationship between these front companies and the KSC.