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;