The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury, in the latest update of the Specially Blocked Persons and Entities (SDN) list, has applied changes and new details regarding Volta Shipping Services LLC.
According to this update, made on Monday, November 9, the moniker VOLTA CONTAINER LINE FZCO has been added to the company's registration details in Dubai, United Arab Emirates. This company, which operates in the Al Jaraud area of the United Arab Emirates, is on the sanctions list due to its connection with "Mohammed Hossein Shimhani" and is based on the 2013 executive order related to Iran (Iran-EO13902) and is subject to the risk of secondary sanctions.
The company also has registration number 1,290,166, clearing number 290,374 and official licenses issued in the UAE, and the latest update reflects the closer monitoring by US financial institutions of the network of companies linked to sanctions in the region.