Organization sanctions dossier

SHAMS AND BAHR TRADING COMPANY L.L.C.

Shams and Bahr Trading Company L.L.C. is a Dubai-based exchange house that the U.S. Treasury describes as a hawala used to remit millions of dollars from Iraq to Iran via the United Arab Emirates. According to Treasury, Majid Ali Akbar Namdar Al-Mandalawi moves funds through the company using a variety of Iraqi private banks, and Abdulhasan Ali A. Namdar Al-Mandalawi also owns it. OFAC designated it on 10 September 2026 under IRAN-EO13902.

SHAMS AND BAHR TRADING COMPANY L.L.C. is listed as organization with 1 source listing across 1 authority.

Programs: IRAN-EO13902.

Geography: United Arab Emirates.

• Entity type: Organization
• Sanctions status: active
• Authorities: OFAC
• Source listings: 1
• Official IDs: 57915
• Identifiers: Commercial Registry Number: 56218; Business Registration Number: 524921; Website: www.shamsandbahr.ae; Website: www.shamsbahr.com; Organization Established Date: 19 Mar 2001; Organization Type:: Other monetary intermediation