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:
Iran and China have recently established, particularly since the beginning of 2021, a secret financial and commercial apparatus known as “CHUXIN BANK”, with the aim of Enabling Iran to receive the proceeds of oil deals it exports to China, due to its inability to receive legal proceeds from its oil due to the US sanctions imposed on it since May 2018;

Iran and China have always not drafted any official Chinese or Iranian documents documenting the work of the aforementioned bank, but according to informed financial sources, this bank operates as an independent financial entity, which enables it to deal financially with the Chinese authorities, and allows the possibility of opening bank accounts in order to deposit funds. And withdraw it when needed. It also enables Iran to operate this device by means of a financial transfer system similar to the “SWIFT” system, symbolized by CHUBCNBJ;

Three billion dollars have been deposited so far in CHUXIN BANK in an account in the name of the Central Bank of Iran, in lieu of the oil deals that were mostly in exchange for Iranian oil that was imported by the Chinese company ZHUHAI ZHENRONG. To pay for business deals in China from money deposited in the bank, after I successfully completed a few test trade deals over the past year to confirm the payment method;

Also Known As:
Chuxin

Involved In:
Banking Sector

Established:
2018

Country:
China

Reason for the color:
» A secret financial apparatus between Iran and China to drain oil and circumvent 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.