Info:
The Karafarin Bank which translates to Entrepreneurship Bank is a private bank in Iran. Established in 2001, it is now one of Iran’s leading private banks and also the first private bank to be established since the Iranian revolution in 1979;
According to report entitled ” Ayatollah Khamenei, the great entrepreneur at the Bank of Karaffarin ,” referring to the Tehran Stock Exchange, indicates that “Khamenei and the Revolutionary Guards directly control 31% of the bank’s entrepreneur bank, and the largest shareholder block in the bank make”. The report also adds that “another 7% of the Bank’s shares are also controlled by the companies whose Ayatollah Khamenei’s financial empire holds in them,” and the general policies of the bank are controlled by the Supreme Leader, since “no other major shareholder whose stock is This limit does not exist in the bank “. Qasminejad has named senior executives such as Alyasor Afkhami (chairman of board of directors), Ali Baqayee (board member), and Jawad Shakorkhah (board member), who have had almost all their background in companies under the control of the Supreme Leader;
The Oberbank signed financing deals with Karafarin Bank;
Turkish network bypassed past sanctions offenders, which had already been cut off from the financial system, and instead moved funds through companies in Turkey and money exchange houses in Dubai (which may well have converted the Turkish lira to more universally accepted currencies, like dollars or euros). The funds eventually made their way to the handful of Iranian banks — including Karafarin, Pasargad, Parsian, Saman, and others — that were not cut off in 2012 from the SWIFT electronic transfer settlement platform. (Turkey’s Teflon Don);
Binash Pajuh Iranian, Salin Investment Consultant Company (Controlled by EIKO) owns shares in Karafarin Bank. Mehr Afarinan Douran Company it is owned by the IRGC. It is also shareholder in Karafarin Bank;
Industry:
Banking Sector
Products:
Credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking, wealth management
Also Known As:
Bank-E Karafarin
Established::
2001
Country:
Iran
Headquarters:
Tehran, Iran
Address::
Zafar St. No. 315, Between Vali Asr and Jordan, Tehran, Tehran, Iran
Website::
www.karafarinbank.ir
E-mail::
info@karafarinbank.ir
People of interests:
Hamid Tehranfar (CEO)
Affiliate Companies:
Karafarin Insurance Company
Karafarin Leasing Company
Karafarin Investment Company
Karafarin Exchange Company
Karafarin Abnieh Gostar Company
Karafarin Bank Brokerage Company
Articles/Reports:
Parsian Bank
Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on October 8, 2020 pursuant to Executive Order 13902, which provides authority to identify and impose sanctions on key sectors of Iran’s economy in order to deny the Iranian government financial resources that may be used to fund and support its nuclear program, missile development, terrorism and terrorist proxy networks, and malign regional influence;
Under the provisions of E.O. 13902, the Secretary of the Treasury identified the financial sector of Iran’s economy as an additional avenue that funds the Iranian government’s malign activities;
The banks sanctioned today are subject to the supervision and regulation by the Central Bank of Iran (CBI), which was previously designated under E.O. 13224 for providing support to the Islamic Revolutionary Guards Corps (IRGC), its Qods Force (IRGC-QF), and its terrorist proxy, Hizballah;
» Ali Khamenei, the main shareholder of Parsian corporations and entrepreneurs;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on November 05, 2018;
» Designated by The Department of the Treasury’s Office of Foreign Assets Control (OFAC) in 2012;
»The Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Bank Karafarin from the List of Specially Designated companies, January 16, 2016;