Risk Level:
unknown %

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

Info:
“Top representatives of Bank Melli Iran, the country’s biggest bank, and Spain’s Aresbank met on Tuesday to prepare the ground for expanding ties in the near future.” (“Bank Melli Iran Enhancing Ties with Spain’s Aresbank,” 2/28/2018);

Bank Melli is Iran’s largest bank, wholly owned by the government of Iran, that provides financial support for entities engaged in Iran’s nuclear and missile programs;

Noted for conducting business with U.S. and Iranian designated-banks – (Avi Jorisch, “Iran’s dirty banking,” 2010);

In January 2017, the Reserve Bank of India (“RBI”), based on information obtained from the Indian Embassy in Tehran, named Aresbank, S.A. (“Aresbank”) as one of a number of international banks with correspondent banking relationships with Iranian banks. (RBI Website, “FAQs [Names of International banks which have entered into a correspondent banking relationship with Iranian banks],” 1/19/2017);

Industry:
Banking Sector

Also Known As:
Ares bank

Country:
Spain

Website:
www.aresbank.com

E-mail:
info@aresbank.com

Reason for the color:
» Iran’s Dirty Banking – May 2010;


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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.