SOUTH WEALTH RESOURCES COMPANY (SWRC), an Iraqi firm that has trafficked arms worth millions of dollars to Iraqi-based IRGC affiliated militias, and drew an OFAC SDGT designation this week, should be of interest to compliance officers at international banks for another reason. SWRC covertly facilitated IRGC-QC access to the Iraqi financial structure, this evading international financial sanctions in place against Iran.
SWRC known aliases are:
Manabea Tharwat Al-Janoob General Trading Company
Manabea Tharwat al-Janoob General Trading Company LLC
Shirkat Manabi' Tharawat Al-janub Liltiarah Al-'Ammah
South Wealth Resources Ltd.
 |
| IRGC-QF uniform patch |
The two Iraq-based SWRC officials, also both sanctioned by OFAC, who are instrumental in Iran financial sanctions evasion, are:
(1) MAKKI KAZIM 'ABD AL-HAMID AL-ASADI a/k/a Makki Kazim Al-Asadi.
(2) MUHAMMED HUSEYN SALIH AL-HASANI
Another individual involved in the SWRC arms smuggling operation is ABU MAHDI AL-MUHANDIS, previously named by OFAC. He is an adviser to OFGC-QF Commander Qasem Soleimani.
 |
| Abu Mahdi Al-Muhandis |
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.