Tejarat Bank involved in Iran’s missile program

A large Iranian commercial bank that has directly facilitated Iran’s nuclear efforts and supported the activities of entities involved in Iran’s missile program.

Listed by the European Union on January 23, 2012 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action; on January 23, 2012, added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as part of the Government of Iran, prohibiting transactions with U.S. parties.

Assisted designated Iranian banks in circumventing international sanctions, according to the European Union; in 2011, facilitated the movement of tens of millions of dollars to assist the Atomic Energy Organization of Iran (AEOI) in its effort to acquire yellowcake uranium; conducted business for front companies of Shahid Hemmat Industrial Group (SHIG); provided financial services to Bank Mellat and Export Development Bank of Iran (EDBI) that supported the activities of subsidiaries of the Islamic Revolutionary Guard Corps (IRGC), Defense Industries Organization (DIO), and Ministry of Defense Armed Forces Logistics (MODAFL).

Is a majority shareholder in Persia International Bank in England, Europaeisch-Iranische Handelsbank AG in Germany, (EIH Bank), and Trade Capital Bank in Belarus; became a joint stock company traded on the Tehran stock exchange in 2009; wholly-owned subsidiaries include Ard Tejarat (Tejarat Flour Co.), Sarmayegozari va Sakhtemani Tejarat, Sarafi Tejarat (Tejarat Exchange Co.), Kargozan Bank Tejarat (Bank Tejarat Brokers), Mohandesin Moshawer Tejarat (Tejarat Consulting Engineers), and Zist Khavar; also holds shares in Tejarat Services (99.98%), Tehran-Saveh Expressway (45%), Leasing Iran Azadrah Ghazvin-Rasht (40.63%), and Felahali Isfahaniha (33.33%); has had a legal partnership with Islamic Republic of Iran Shipping Lines (IRISL); has financed projects for Fajr Petrochemical, Khorasan Petrochemical Company, and National Iranian Copper Industries Company (NICICO).

Headquartered in Tehran, with branches in the following cities: Ahwaz, Arak, Ardebil, Bandar Abbas, Boushehr, Esfahan, Ghazvin, Hamedan, Kerman, Kermanshah, Kish Island, Mashhad, Qom, Rasht, Sanandaj, Sari, Semnan, Shiraz, Tabriz, Urmia,Yazd, and Zanjan; maintains a representative office in Beijing, China; has overseas branches in London, Paris, Dushanbeh (Tajikistan), and Dubai, and at EIH Bank’s Hamburg location.

The Iranian government held a 19.48% stake as of March 2014; other shareholders include Provincial Investment Companies, Association, Saba Tamin Investment Company, Razavi Economic Organisation, Razavi International Capital Growth Plan Co., Omran Razavi International Co., Centre of Individual Shareholders, Sherkat Bazargani Tadarokat Karamad Pooya Abrisham, National Investment Company of Iran, and Tadbirgarane Fardaye Omid, some of which are reportedly controlled by the Iranian government; board of directors includes M.E. Moghadam Noudehi, S. M. Fahim Hashemi, A. Akbari, and R. Dolatabadi.

Iranian Department for Companies registration number is 38027; SWIFT codes: BTEJIRTH 023, BTEJIRTH 300, BTEJIRTH 350, BTEJIRTH 200, BTEJIRTH 100, BTEJIRTH 051, BTEJIRTH 811, BTEJIRTH 250, BTEJIRTH 700, BTEJIRTH 500, BTEJIRTH 150, BTEJIRTH 802, BTEJIRTH HRM, BTEJIR TH TBR, BTEJIR THRSH, BTEJIR THQZN, BTEJIRTHISF, BTEJIRTHSHI, BTEJIRTHYAZ, BTEJIRTHAWZ, BTEJIRTH KSH, BTEJIRTH ORM, BTEJIRTHSAR, BTEJIRTHZNJ, BTEJIRTH BSH, BTEJIRTHARK, BTEJIRTHHAM, BTEJIRTHKRH, BTEJIR THSNJ, BTEJIRTHQOM, BTEJIRTHSEM, BTEJIRTH BND, BTEJIRTHARD, BTEJFRPP, BTEJTJ22, PIBPGB2L, PIBPAEAD, and EIHB DE HH.

Established in 1979.

Source: / IranWatch /

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