Moallem Insurance Company

Also Known As: 

Moallem Insurance
Moallem Insurance Co.
M.I.C.
Export and Investment Insurance Co.

Weapon Program: 

  • Military

Address: 

- No 56, Haghani Boulevard, Vanak Square, Tehran 1517973511, Iran

Phone: 

9821887791835

Fax: 

982188771245

E-Mail: 

Entity Web Site: 

www.mic-ir.com

Has provided maritime insurance to Islamic Republic of Iran Shipping Lines (IRISL) vessels; according to the U.S. Department of the Treasury, IRISL and affiliates provide logistical services to Iran's Ministry of Defense and Armed Forces Logistics (MODAFL).

Company shareholders have included Iran Insurance Co.Export Development Bank of IranBank Melli IranBank Saderat IranBank Tejarat, Dana Insurance Co., Asia Insurance Co., and Alborz Insurance Co.; Mohammad Reza Abbassi has served as managing director; business registration document #110465 (Iran); formerly known as Export and Investment Insurance Co.; established in 1994.

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 December 21, 2010, 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.

Mentioned Suspect Entities & Suppliers: 

Date Entered: 

May 2, 2011

Date Last Modified: 

December 10, 2018