Risk Level:
unknown %

Status:
Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Info:
Union Bank of Iraq is a private joint stock company. Its headquarter is in Iraq / Baghdad, then expanded to open a branch in Erbil in 2008 to offer its finest banking And financial service to individuals, companies, and corporations including consulting, wealth management, loans, special customer services;

According to reports Union Bank of Iraq is involved in the violation of U.S. sanctions against Iran regime; (Iraq is helping Iran skirt U.S. sanctions – January 24, 2020)

Industry:
Banking Sector

Country:
Iraq

Address:
Baghdad – Hay Al-Karada – Al-Masbah Int. – 903/77/Bldq.11

Phone:
009647717505580

Website:
www.unionbank.iq

E-mail:
info@unionbank.iq

Person of interests:
Ali Muftin Khafif – Chairman of the Board of Directors
Mr. Ali Muftin Khafeef – Chairman of Board of Directors
Mr. Mohammed Muftin Khafeef – Deputy Chairman of the Board
Mr. Abdul Rahim Qaddous Mahmoud – Managing Director

Reason for the color:
» Iraq is helping Iran skirt U.S. sanctions;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.