Risk Level:
89% May harm your business future;

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Status:
High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Info:
Novin insurance company from Iran is owned or controlled by sanctioned entities;

The founders of the company include three groups: banking and finance (Modern Economics Bank and affiliated companies), industrial (Behshahr Industrial Development Company and affiliated companies) and construction (Iranian Construction Investment Company and affiliated companies, Stratus International Contracting Company);

Behshahr Industrial Development Corp. is a company based in Iran involved in the production of edible oils and fats. The company has the capacity to produce 550,000 metric tons of edible oil a year. It has a major market share in Iran’s edible oil market, and is among the five largest companies by market share in the worldwide edible oils market. According to U.S. Treasury Department this entity it is owned and controlled by Tose-e Melli Group Investment Company. Entity owned by Bank Melli;

Also Known As:
Novin Insurance Company

Registrar’s Office under No.:
263461

Country:
Iran

Address:
Tehran, Iran

Phone:
+989124258313

Website:
www.novin-insurance.com

E-mail:
ifno@novin-insurance.com

Reason for the color:
» Novin Insurance owned by Behshahr Industrial Development corp;


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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.