Risk Level:
unknown % May be problematic for your business future;

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

Info:
According to the official website of Egyptian Banks Company, Misr Iran Development Bank is one of the shareholders of Egyptian Banks Company;

Misr Iran Development Bank owns 2.21% shares of Egyptian Banks Company;

According to the Misr Iran Development Bank from Egypt annual report, Iran Foreign Investment Company (IFIC) owns 40.15% of its shares. Iran Foreign Investment Company is used by the mullahs to invest money around the world and is investment arm of the “Oil stabilization Fund”;

These investments by the Iran Foreign Investment Company (IFIC) are used to circumvent U.S. sanctions on Iran Regime;

The U.S. Department of the Treasury identified Iran Foreign Investment Company (IFIC) to be owned or controlled by the Government of Iran. By identifying these entities – including banks, investment companies and technology firms – U.S. persons and others are better able to identify Iranian Government entities and protect themselves against the risks posed by such entities. IFIC is 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 11/05/2018;

Industry:
Banking Sector

Country:
Egypt

Address:
No. 223, Off 90 St., behind Dusit Thani hotel, Fifth settlement, New Cairo, Cairo, Egypt

Phone:
+20 (2) 2614 9502

Website:
www.egyptianbanks.com

E-mail:
[email protected]

Reason for the color:
» Misr Iran Development Bank owns shares in Egyptian Banks Company;


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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.