Golden Resources Trading Company, L.L.C.

Also Known As: 

GRTC
Golden Resources Trading
Golden Resources Trading (L.L.C.)
Golden Resources Trading Company (L.L.C.)
Golden Resources Trading Co. LLC

Related Country: 

  • United Arab Emirates

Address: 

-9th Floor, Office No. 905, Khalid Al Attar Tower 1, Sheikh Zayed Road, After Crown Plaza Hotel, Al Wasl Area, Dubai, United Arab Emirates
-P.O.Box : 34489, Dubai, United Arab Emirates
-Postal Box 14358, Dubai, United Arab Emirates
-Flat No 604, 6th Floor, Khalid Al Attar Tower 1, Sheikh Zayed Road, Dubai, United Arab Emirates

 

Phone: 

+971-4-386-8661, +971-4-327-3806, +971-4-329-1252, +971-4-329-1253, +971-4-329-1254

Fax: 

+971-4-386-8665, +971-4-329-1255

E-Mail: 

grtc@emirates.net.ae
grtc@eim.ae

A Dubai-based company used by the Iranian government to circumvent international sanctions.

Controlled by Tosee Eqtesad Ayandehsazan Company (TEACO), which is part of the Execution of Imam Khomeini's Order (EIKO) international financial network, an organization that acts on behalf of the Government of Iran; in 2011, was used to inject 7.5 million Euros from EIKO into Mannesman Cylinder Systems (MCS) International GmbH, a German company; has been used to evade international sanctions by depositing Iranian money in a German bank; responsible for securing letters of credit on behalf of Iranian-controlled companies in Europe and South Africa.

Formerly subordinate to Rey Investment Company; ownership was transferred to TEACO in 2010; has represented Iranian companies with affiliations to the Islamic Revolutionary Guard Corps (IRGC); has procured equipment and supplies on behalf of the IRGC.

Dubai license number is 244350.

Sanctions

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.

Previously added to the SDN list on June 4, 2013, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their delivery systems; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties.

Date Entered: 

January 14, 2016

Date Last Modified: 

December 10, 2018