Risk Level:
unknown %

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

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

Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran;

In 2017, CalSTRS designated Unicredit SpA as “Under Review” for potentially having ties to Iran. In 2018, CalSTRS removed Unicredit SpA after reviewing the company’s business with Iran and internal controls to prevent sanction violations;

In 2017 the U.S. state of California listed Unicredit Spa as a company under review for reportedly providing banking services to Iran;

In 2017 the U.S. state of Michigan listed Unicredit on its Iran restricted companies list rendering Unicredit ineligible for investment and/or state contracting;

Industry:
Banking Sector

Also Known As:
UniCredit

Country:
Italy

Website:
www.bankaustria.at

E-mail:
info@bankaustria.at

Reason for the color:
» UniCredit Bank AG Agrees to Plead Guilty for Illegally Processing Transactions in Violation of Iranian Sanctions;
» 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.