An Iran-based company used by Bahram Aran and Asghar Mahmoudi to procure and export U.S. military technologies to Iran, according to the U.S. Department of Justice; affiliated with Modern Technologies FZC (MTFZC), a United Arab Emirates (UAE) based company involved in the procurement of components for Iran's nuclear program, according to the European Union.

Between 2006 and 2007, was involved in the procurement from a U.S. company via Canada and the UAE of a Maxicam 3002 high-speed camera with military and nuclear applications for Isfahan Optics Industries in Iran, according to the U.S. Department of Justice; Bahram Aran, Asghar Mahmoudi, Shahin Golshani, and Modern Technologies FZC were also allegedly involved in the conspiracy.

According to the U.S. Department of Justice, former officials have included Bahram Aran (managing director) and Asghar Mahmoudi (managing director).

Sanctions

Listed by the European Union on May 23, 2011, as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; with some exceptions, EU member states must freeze assets owned or controlled by the entity, directly or indirectly, and prevent assets from being made available to it.

Sanctioned on March 2, 2012, by the government of Australia, restricting business and financial transactions with the entity and freezing its assets in Australia.