Company Directory - Ace Petrochem FZE
Company Details - Ace Petrochem FZE
Ace Petrochem FZE
WebsiteUnited Arab Emirates
Ace Petrochem FZE is a company registered in the United Arab Emirates, primarily involved in the petrochemical sector, supplying products and services related to oil, gas, and chemicals. It operates within a network linked to Iran's national tanker company, enhancing its global reach in the petrochemical market.
CCI Score
CCI Score: Ace Petrochem FZE
-58.61
2.87%
Latest Event
Ace Petrochem FZE Designated for Sanctions Evasion
The U.S. Treasury designated Ace Petrochem FZE for its role as a front company in facilitating transactions that obscure the destination of funds, aiding Iranian sanctioned entities and evading economic sanctions.
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QUISLING
Ace Petrochem FZE is currently rated as a Quisling.
Latest Events
- JUN062025
The U.S. Treasury designated Ace Petrochem FZE for its role as a front company in facilitating transactions that obscure the destination of funds, aiding Iranian sanctioned entities and evading economic sanctions.
-80
Business Practices and Ethical Responsibility
June 6
Ace Petrochem FZE was utilized as a third‑party account in payments to obscure fund destinations and evade international sanctions. Such actions reflect unethical business practices that bolster the financial networks of an authoritarian regime, undermining global efforts to restrict illicit economic activities.
Treasury Sanctions Iranian Network Laundering Billions for Regime Through Shadow Banking Scheme
-70
Economic Collaboration
June 6
By acting as a front company to channel payments and obscure the flow of funds, Ace Petrochem FZE directly contributes to economic collaboration with entities tied to an authoritarian regime, jeopardizing efforts to halt financial support for such actors.
Treasury Sanctions Iranian Network Laundering Billions for Regime Through Shadow Banking Scheme
- JUN062025
On 2025-06-06, the US Treasury Department added Ace Petrochem FZE to its Specially Designated Nationals List, freezing its US assets due to its links with Iran’s national tanker company. The move is part of a broader set of Iran-related sanctions announced under the Trump administration.
- APR302025
On April 30, 2025, the U.S. Department of State announced sanctions targeting companies involved in Iran’s illicit petrochemical trade. Ace Petrochem FZE, operating within a network linked to Iran’s national tanker company, is indirectly impacted by these measures, raising concerns about its business practices and political associations.
-50
Public and Political Behavior
June 6
Ace Petrochem FZE's connection to a network linked to Iran’s national tanker company, now under U.S. sanctions, indicates potential involvement in activities that undermine democratic norms and support authoritarian regimes. This association negatively impacts its public and political behavior score.
U.S. Targets Iranian Petrochemical Network with New Sanctions
-40
Business Practices and Ethical Responsibility
June 6
Given Ace Petrochem FZE's operational ties within a network under U.S. sanctions, its business practices raise ethical questions regarding its involvement in trades that may facilitate illicit revenue streams for regimes engaging in destabilizing activities.
U.S. Targets Iranian Petrochemical Network with New Sanctions
- MAR092023
On March 9, 2023, OFAC announced new designations aimed at companies involved in the production, sale, and shipment of Iranian petrochemicals and petroleum. Ace Petrochem FZE, with its links to Iran’s national tanker network, is implicated in activities that have drawn regulatory action and raised concerns about its economic collaboration with sanctioned entities.
-80
Public and Political Behavior
June 6
The OFAC designation highlights the company’s involvement in politically sensitive and sanctioned economic activities, undermining ethical public and political standards. Such involvement demonstrates complicity in actions that facilitate commerce with regimes operating outside international norms.
-80
Economic Collaboration
June 6
Ace Petrochem FZE’s operations, marked by its connection to Iran’s national tanker network and involvement in substantial petrochemical trade, illustrates risky economic collaboration with entities tied to sanctioned regimes. This raises significant concerns over economic complicity with authoritarian structures.
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