United Arab Emirates

P2-ELOB Office No. E-21F-10, Hamriyah Free Zone, Sharjah, United Arab Emirates

29197, Registration Number

Onden General Trading FZE is a UAE-based broker which sold Iranian commodities on Sepehr Energy’s behalf to be delivered off shore near Singapore. Sepehr Energy’s shipment, valued at several tens of millions of dollars, was loaded in the Persian Gulf aboard a vessel disguising itself as a different vessel. The vessel LA PEARL (9174660), also known as the ELITE, received the cargo via a ship-to-ship transfer from another vessel in mid-April in international waters near Singapore. Panama-based Saone Shipping Corporation is the operator and owner of the LA PEARL. Onden General Trading FZE and Saone Shipping Corporation are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Sepehr Energy Jahan Nama Pars Company. The LA PEARL is being identified as property in which Saone Shipping Corporation has an interest.

https://home.treasury.gov/news/press-releases/jy2295

2024-04-25

US

Iranian Financial Sanctions Regulations, 31 CFR part 561

OFAC country specific

Iran

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

On August 16, 2010, OFAC issued the Iranian Financial Sanctions Regulations, 31 CFR part 561 (75 FR 49836, August 16, 2010) (IFSR) to implement provisions of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Pub. L. 111–195) (22 U.S.C. 8501–8551). Since then, OFAC has amended the IFSR several times.

SDN