Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
A key facilitator for Iranian oil deals. Oversees a group of companies and financial institutions involved in facilitating the transfer of millions of dollars to sanctioned entities in Iran;

Owns and operates United Arab Emirates-based Sorinet Group, which oversees First Islamic Investment Bank LTD. (FIIB), International Safe Oil (ISO), and Sorinet Commercial Trust Bankers Ltd. (SCT). Also affiliated with Kont Kosmetik and Kont Investment Bank;

According to the European Union, has assisted the Central Bank of Iran and National Iranian Oil Company (NIOC) in evading E.U. sanctions measures. Has facilitated Iranian oil transactions and transfers of oil-related funds, including through Naftiran Intertrade Company (NICO) and Hong Kong Intertrade. Enabled transfers of funds to Khatam al-Anbiya (KAA), a company owned by the Islamic Revolutionary Guard Corps (IRGC). Has financed transactions in crude oil conducted by Iran’s Ministry of Petroleum;

Born:
March 12, 1971 or 12 March 1974;

Country:
Teheran, Iran

Address:
Teheran, Iran

Nationality:
Iranian

Passport numbers:
L18597666 (Iran)
L95279398 (Iran)

Reason for the color:
» Babak Morteza Zanjani sentenced to death for corruption
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» 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 April 11, 2013, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Accused for embezzling more than €2.7 billion
» Babak Morteza Zanjani – Frauds
» According to the European Union, has assisted the Central Bank of Iran and National Iranian Oil Company (NIOC) in evading E.U. sanctions measures; Enabled transfers of funds to Khatam al-Anbiya (KAA), a company owned by the Islamic Revolutionary Guard Corps (IRGC);


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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.