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Turkoca Import Export Transit Co., Ltd.

On the SDN listEntitySDGTIFSR

Turkoca Import Export Transit Co., Ltd. (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Programs: SDGT, IFSR. Addresses on file in: Korea, South. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Korea, South has 3 entities, vessels or aircraft with an address on the SDN list. Other sanctioned entities with an address in Seoul 04382 are listed below.

Sanctions programs

Specially Designated Global Terrorists (SDGT) SDGT

Counterterrorism program based on Executive Order 13224, signed after the September 2001 attacks. It blocks the property of persons and organizations that commit or support terrorist acts, and of those who provide them with services or financing.

Iranian Financial Sanctions Regulations (IFSR) IFSR

This tag means the entity is subject to the Iranian Financial Sanctions Regulations. A foreign financial institution that conducts or facilitates significant transactions for it can lose access to the U.S. financial system.

Also known as

  • TUREUKOSASUCHULIPTEULAENJIT CO., LTD. · fka

Addresses on file

  • Rm 401, 4/F, Rishu Bldg, 25 Hangang-daero 48-gil, Yongsan-gu, Seoul 04382, Korea, South
  • Daekyong building, Ground floor 9-79, 59-1 Duteopbawi-ro, Huam-dong, Yongsan-gu, Seoul, Korea, South

OFAC remarks

Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; Organization Established Date 18 Nov 2019; Business Registration Number 3858701478 (Korea, South); Registration Number 1101117294773 (Korea, South); Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC)-QODS FORCE.

Frequently asked questions

What does it mean that Turkoca Import Export Transit Co., Ltd. is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Turkoca Import Export Transit Co., Ltd.?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.