Info:
Owned or controlled by the Iran Regime;
The Hekmat bank started its work in 2010 by the direct order of Iran’s supreme leader Ali Khamenei and changed its name from a financial and credit firm to a bank;
Bank Hekmat Iranian is wholly owned by the army;
In May 2020, Hekmat Iranian Bank, a bank servicing Iran’s armed forces, merged with Bank Sepah, which has served as a financial platform for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) to pay its agents abroad. Bank Sepah was designated on November 5, 2018 pursuant to E.O. 13382 for having provided support to MODAFL. Hekmat Iranian Bank was also designated pursuant to E.O. 13382, as an entity owned or controlled by Bank Sepah;
“Ansar Bank is one of the four military-related banks named by the Central Bank of Iran for merger with the country’s oldest bank to boost efficiency amid US sanctions. Ansar, Mehr Eqtesad, Qavamin, and Hekmat banks and the Kosar Credit Institution are to be merged with Bank Sepah. The central bank says the merger would create “a stable and more efficient single bank to provide better services to the families of the armed forces and the general public.””;
Industry:
Banking Sector
Also Known As:
Hekmat Iranian Bank
Bank-e Hekmat Iranian
Country:
Iran
Address:
Argentine Circle, beginning of Africa St., Corner of 37th St., (Dara Cul-de-sac), No.26, Tehran, Iran
Website:
www.hibank24.ir
E-mail:
info@hibank24.ir
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 on October 8, 2020 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;
» 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 11/5/2018 pursuant to Executive Order 13224 for being owned or controlled by the Iran regime;