OFAC updates Iran sanctions listing for Volta Shipping Services in Dubai
The U.S. Treasury is revising a sanctions record tied to a Dubai-based shipping company under its Iran-related restrictions program. The update changes an alias on Volta Shipping Services LLC's entry on the Specially Designated Nationals List while retaining its link to Mohammad Hossein Shamkhani.
Highlights
- OFAC revised the SDN List entry for Volta Shipping Services LLC, changing its alias from 'VOLTA SHIPPING SERVICES FZCO' to 'VOLTA CONTAINER LINE FZCO'.
- Sanction listing continues to cover addresses and identifiers in Dubai, with secondary sanctions risk under Section 2 of E.O. 13902 remaining unchanged.
- Businesses must update sanctions screening and compliance systems as the designation applies despite the name modification, still linking the company to Mohammad Hossein Shamkhani.
Sanctions record revised for company alias
As reported by Office of Foreign Assets Control, the change affects the SDN List entry for Volta Shipping Services LLC, a United Arab Emirates-based shipping company designated under E.O. 13902. The agency updates the record from the alias "VOLTA SHIPPING SERVICES FZCO" to "VOLTA CONTAINER LINE FZCO".The listing continues to show the company at addresses in Al Garhoud, Deira, Dubai, and at Business Cluster Building 3 108, first floor, Dubai. It also keeps the same licensing, registration and chamber of commerce identifiers, along with a note on secondary sanctions risk under Section 2 of E.O. 13902.
Compliance implications for shipping and trade
For businesses screening counterparties, the revision matters because name and alias changes can affect sanctions checks, trade documentation and maritime compliance controls. Companies dealing with shipping, logistics or related financial transactions involving the Gulf region may need to update internal databases to reflect the revised alias.The entry remains linked to Mohammad Hossein Shamkhani, indicating that the update is a modification to identifying information rather than a removal from the U.S. sanctions list. That means the underlying restrictions associated with the designation continue to apply.
Earlier, we reported that the WTO forecast Middle East exports to fall 17% in 2024 due to war-related disruptions.
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