Nex Systems
Company

Power Anchor Limited

Sanctioned entity

Seychelles. Named in 2 sanctions listings.

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Summary

Pamchel Trading Beijing Co. Ltd. uses Power Anchor Limited, located in the Seychelles, as a front company to obfuscate the true Iranian end-user for metals-related materials shipped to Iran.  Pamchel Trading Beijing Co. Ltd. has also used Power Anchor Limited to facilitate payments from Iranian steel companies for purchases of graphite electrodes used in metal production brokered by Pamchel Trading Beijing Co. Ltd.  Power Anchor Limited is designated pursuant to E.O. 13871 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Pamchel Trading Beijing Co. Ltd. (Treasury, "Treasury Targets Iran’s Billion Dollar Metals Industry and Senior Regime Officials," 1/10/2019). (https://home.treasury.gov/news/press-releases/sm870)

Sanctions and listings2

  • Listed
    10 Jan 2020

    Iran Sanctions - IRAN-EO13871

    Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States

    Block and IRAN-EO13871

    Additional Sanctions Information: Subject to Secondary Sanctions

    Executive Order 13871 (Iran)

    Programme US-IRANReference 28339treasury.govofac.treasury.gov

  • Listed
    6 Apr 2020
    Effective
    10 Jan 2020

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

Connections1

Owned by1

  • PAMCHEL ASIA CO., LTDSanctionedDebarredExport controlledTrade risk
    Share not stated
    Owned or Controlled ByChinaHong Kong

Addresses3

  • Mahe, Seychelles SC

  • Mahe

  • Mahe Seychelles

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