Aerospace Technical Services clarifies ownership, strengthens AML/CFT measures, and reaffirms adherence to global regulatory standards while driving growth in aviation MRO and parts distribution.
Aerospace Technical Services ("ATS") issued a statement to clarify its company structure and ownership while reiterating its commitment to compliance, transparency, and strategic expansion.
ATS, a leading global distributor of aviation parts and provider of aviation maintenance, repair, and overhaul (MRO) solutions, operates its headquarters and core facilities in the United Arab Emirates and Jordan. ATS is owned and operated by Mahdi Al-Tahaineh.
The company recently reaffirmed its dedication to maintaining the highest standards of compliance and transparency. ATS has implemented rigorous compliance processes to ensure adherence to all applicable regulations. This includes comprehensive internal audits, strict due diligence for transactions and partnerships, and ongoing monitoring to meet requirements set by OFAC and other regulatory bodies.
As part of the company's commitment to compliance and financial transparency, ATS undertook a comprehensive review and officially adopted a newly revised Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Policy. In addition, the company adheres to the latest U.S. and E.U. sanctions guidance and regulations. This strategic initiative underscores the company's dedication to upholding international standards and promoting financial transparency within the aviation industry.
Additionally, Aerospace Technical Services (ATS) clarified that it is not affiliated with the company named "ATS Heavy Equipment," which is wholly owned and operated by Muhammad Ishaq Abdul Kareem. The two entities have no personal or business connection.