Risk Level:
unknown %

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

Info:
Gunes General Trading used accounts of UAE state-owned banks – Rakbank, the national bank of the northern emirate Ras al-Khaimah, and the National Bank of Dubai (NBD);

Gunes General Trading was part of a network controlled by Turkish-Iranian gold trader Reza Zarrab that conducted hundreds of millions of dollars’ worth of transactions on behalf of the Iranian government and other Iranian entities that were barred under US sanctions;

Industry:
Banking Sector

Also Known As:
National Bank of Ras Al-Khaimah PJSC

Country:
United Arab Emirates

Address:
Ras Al Khaimah, United Arab Emirates

Website:
www.rakbank.ae

Email:
info@rakbank.ae

Person of interests:
Mohammad Omran Al Shamsi – (Chairman)
Peter William England -(Chief Executive Officer)
Deepak Majithia -(Chief Financial Officer)
Geoffrey Stecyk – (Chief Operating Officer)
K. S. Ramakrishnan – (Chief Risk Officer)
Abdul Karim Juma – (Director of Islamic Banking)
Saleh Ali Saleh – (Director Of RAK Business)
Mufaddal Khumri Idris – (Director of Credit Cards)

Reason for the color:
» UAE central bank failed to prevent Iran sanctions evasion – September 21, 2020;


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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.