Mustad Limited

Mustad Limited

Background

Mustad Limited is a Hong Kong based international trade broker. A website matching its name states that the company operates in 50 countries and "leverages its global network and innovative strategies to ensure sustainable supply and economic resilience in energy, minerals, and agriculture worldwide."

The company's registered director is Liu Boyu, who holds a Chinese mainland passport. The company's sole shareholder is a Peruvian national named Patricia Erica Narciso Moreno.

Mustad Limited have acted as an intermediary to facilitate, or attempt to facilitate, financial transactions in support of Islamic Revolutionary Guard Corps (IRGC) procurement of millions of dollars' worth of weapons.

Further Details

• Incorporation Date: 2024/10/08
• Business Registration Number: 77151111
• Business Nationality: Hong Kong
• Address: Rm 1506, 15/F, Cheung Fung Commercial Bldg., 21-25 Cheung Sha Wan Road, Sham Shui Po, Kowloon, Hong Kong, China
• Company Director: Liu Boyu
• Company Shareholder: Patricia Erica Narciso Moreno
• Website: mustadlimited.com

Sanctions

Mustad Limited is sanctioned under the following:

• US Office of Foreign Assets Control (OFAC) Specially Designated National and Blocked Persons lists (SDN List): The IFSR (Iranian Financial Sanctions Regulations) and NPWMD (Weapons of Mass Destruction Proliferators Sanctions Regulations) programs. The organization is also subject to secondary sanctions.
• US Office of Foreign Assets Control (OFAC) Executive Order 13382.