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:
Bank of Kunlun has provided significant financial services to more than six Iranian banks that were designated by the United States in connection with Iran’s weapons of mass destruction (WMD) programs or its support for international terrorism;

Transfered hundreds of payments with total of $100 million dollars from accounts of designated Bank Tejarat
In early 2012, Bank of Kunlun transferred hundreds of payments totaling roughly $100 million dollars from accounts it holds for designated Bank Tejarat. This activity happened after Bank Tejarat was designated by the United States (and the European Union) in January 2012 for providing financial services to several Iranian banks and firms already subject to sanctions for their involvement in Iran’s illicit proliferation activities;

In addition to these transfers, in early 2012 Bank of Kunlun made at least one payment for an affiliate of Iran’s Islamic Revolutionary Guard Corps pursuant to a letter of credit opened by Bank Tejarat;

Industry:
Banking

Also Known As:
KLB

Country:
China

Address:
(Head Office) 9 Dongzhimen North Street, Dongcheng District, Beijing 100007, China
(Registered Office) No. 7 Century Ave, Karamay 834000 Xinjiang, China
(Daqing, Heilongjiang Branch) 172 Xibin Rd, Ranghulu District, Daqing 163453
(Urumqi, Xinjiang Branch) No. 68 Zhongya South Rd, Economic and Technological Development Zone, Urumqi 830026

Website:
www.klb.cn

E-mail:
info@klb.cn

Reason for the color:
» The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctionate Kunlun Bank in 2012;
» Iran uses China bank to transfer funds to quds linked companies;
» In 2017, the U.S. state of Mississippi listed Bank of Kunlun on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Bank of Kunlun ineligible for investment and/or state contracting;
» In September 2017 – “The official referred to Bank of Kunlun Co Ltd, a China National Petroleum Corp unit, as “one of the longstanding business partners of Iran” that continued to work with the country even under 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.