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 Saderat Iran (BSI) is an Iranian multinational banking and financial services company headquartered in Tehran, Iran. It is Iran’s largest bank. It was founded in Tehran in 1952 by the prominent Mofarrah and Bolurfrushan (also spelled Bolourforoushan) families;

BSI has 29 owned provincial bank subsidiaries and over 200 affiliated companies, supervised by Ghadir Investment Company. Iranian banks are administered on the basis of a law passed by the Islamic Revolution Council on 25 September 1979, and the provisions of its Articles of Association;

Bank Saderat is used by the Government of Iran to transfer money to what the U.S.-designated terrorist organizations, including Hezbollah, Hamas, the Popular Front for the Liberation of Palestine-General Command and Palestinian Islamic Jihad, as alleged by U.S. Department of the Treasury;

Bank Saderat Iran currently conducts banking in the UAE, handling Iranian trade in and out of Dubai. Bank Saderat’s profits are the 3rd highest among foreign Banks within UAE. The bank mainly deals in project financing, letters of credit (LCs) and bank guarantees (demand guarantees), whereas other activities remains less important;

In February 2013, the European General Court in Luxembourg ruled to annul sanctions by the European Union (EU) against the bank, stating that the EU “is in breach of the obligation to state reasons and the obligation to disclose to the applicant … the evidence adduced against it”. The EU may appeal the decision. As of 2016, the EU asset freeze was still in effect;

Bank Saderat is listed as one of Neka Novin clients;

Provided financial services for entities procuring on behalf of Iran’s nuclear and ballistic missile programs;

Handled payments and letters of credit for Defense Industries Organization (DIO) and Iran Electronics Industries;

Handled letter of credit for Mesbah Energy Company (see separate entity record) in 2003;

Banking network includes over 2,500 branches, including 22 foreign branches and 3 regional offices in: Afghanistan, Bahrain, England, France, Germany, Greece, Lebanon, Oman, Qatar, Turkmenistan, the United Arab Emirates and Uzbekistan;

Designated Bank Saderat Owns Shares of Moallem Insurance Company;

Foreign banking network includes: Bank Saderat PLC in London (100% owned by Bank Saderat Iran), Bank Saderat Tashkent
in Tashkent (100% owned by Bank Saderat Iran), Future Bank in Bahrain (a joint venture with Bank Melli Iran
and Bahrain’s Ahli Bank), and Arian Bank in Kabul (a joint venture with Bank Melli Iran);

Also Known As:
BSI
Bank Saderat PLC
Iran Export Bank
Bank Saderat Iran P J S C

Involved In:
Nuclear Weapon Program
Missile Weapon program
Military Weapon Program

Established:
1952

Country:
Iran

Address:
– Bank Saderat Tower, P.O. Box 15745-631, Somayeh Street, Tehran
– Sepehr Tower, Somayeh Ave., Tehran, Iran
– P.O. Box 15745-631, Tehran, Iran
– Bank Saderat Tower, 43 Somayeh Avenue, Tehran, Iran
– Bank Saderat Iran Tower, Somayyeh Ave., Tehran 15897 Iran
– 6th Floor, Sadaf Bldg, 1137 Vali Asr Ave, 15119-43885, Tehran, Iran
– P.O. Box 15175/584, Tehran, Iran
– No. 56, opposite of security department, Toraboz Khan Str., Kabul, Afghanistan (Head Office and Main Branch-Afghanistan)
– Ground Floor Business Room, Building Banke Khoon Road, Harat, Afghanistan (Harat Branch)
– P.O. Box 785, City Centre Bldg. 199, Road 203, Block 304, Government Ave., Manama, Kingdom of Bahrain (Future Bank B.S.C. Joint Venture)
– 5 Lothbury, London EC2R 7HD, UK (Bank Saderat PLC)
– 16, rue de la Paix, 75002 Paris, France (Paris Branch)
– Deichstrasse 11, 20459 Hamburg, Germany
– P.O. Box 112227, Hamburg, Germany (Hamburg Branch)
– Friedensstrasse 4, 60311 Frankfurt am Main, Germany (Frankfurt Branch)
– 25-29 Panepistimiou Str., 10564 Athens, Greece (Athens Branch)
– 3rd Floor – Mteco Center – Mar Elias facing Al Hellow Barrak, P.O. Box 5126, Beirut, Lebanon (Beirut Regional Office)
– 1st Floor, Alrose Building – Verdun Street, Beirut, Lebanon, P.O. Box 5126, Beirut, Lebanon
– P.O. Box 6717, Hamra, Beirut, Lebanon (Beirut Main Branch)
– 1st Floor, Jawhara Bldg., Abdallah El Hajje Str., Ghobeiri Blvd., Alghobeiri, Lebanon (Alghobeiri Branch)
– Ras Alein Str., next to the post office, Baalback, Lebanon (Baalback Branch)
– Holom Center, Main Road, Kafaat Cross Road, Mreyjeh, Mamoura, Lebanon (Borj Al Barajneh Branch)
– Riad Elsolh Str., Martyrs Sq., Saida, Lebanon (Saida Branch)
– P.O. Box 1269, 112 Ruwi Sultanate of Oman (Muscat Branch)
– Grand Hamad Ave, P.O. Box 2256, Doha, Qatar (Doha Branch)
– Building 181-A Makhtoomgholi Ave., Ashkhabad, Turkmenistan (Ashkhabad Branch)
– Al-Maktoum Road, P.O. Box 4182 Deira, Dubai, UAE (Almaktoum Branch and Dubai Regional Office)
– Murshid Bazar, P.O. Box 4182 Deira, Dubai, UAE (Murshid Bazar Branch)
– Al Fahidi Road, P.O. Box 4182 Dubai, UAE (Bur Dubai Branch)
– Hamdan Str., P.O. Box 700 Abu Dhabi, Dubai (Abu Dhabi Branch)
– Alaroda Road, P.O. Box 316 Sharjah, U.A.E. (Sharjah Branch)
– Liwara Str., P.O. Box 16 Ajman, Dubai (Ajman Branch)
– Shaykh Zayed Road, Dubai, U.A.E. (Shaykh Zayed Branch)
– Al Ain Road, P.O. Box 1140 Al Ein, Abu Dhabi, U.A.E. (Al Ein Branch)
– No. 10 Antooan Chekhof Str., Tashkent, Uzbekistan (Tashkent Branch)

Phone:
+98 (21) 883 95 34; (+9821) 836.09.1; 009821 – 8829469 (Head Office);

E-Mail:
info@saderbank.ir

Web Site:
www.saderbank.com
www.bsi.ir
www.bank-saderat-iran.com

Person of interests:
Ghodratollah Sharifi as Chairman
Dr. Mohammad Jahromi as Managing director
Mahdi Fatahias(Board members
Dr. Hojatollah Saydi, as Board members

Articles/Reports:
Iran and Qatar joint venture-supporting terrorism
Re-insurers gone rogue

Reason for the color:
» Designated by the U.S. Department of the Treasury on October 25, 2007, pursuant to Executive Order 13224, which targets terrorists and their supporters, freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties; pursuant to U.S. Executive Orders 12957 and 12959, designated as a bank controlled by the Iranian Government, prohibiting new investments by U.S. persons and most servicing by U.S. depository institutions;
» According to the Treasury Department, was used by the Government of Iran to channel funds to terrorist organizations, including Hizballah, Hamas, the PFLP-GC (Popular Front for the Liberation of Palestine-General Command) and the Palestinian Islamic Jihad;

» Treasury Cuts Iran’s Bank Saderat Off From U.S. Financial System;
» Named by the U.N. Security Council in 2008 as a bank domiciled in Iran whose activities could contribute to proliferation; countries are called upon to “exercise vigilance” over activities between the bank and financial institutions in their territories;
» Listed by the European Union on July 26, 2010 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
» E.U. General Court judgment upheld on appeal on April 21, 2016 by the European Court of Justice; relisted by the European Union on April 18, 2016; E.U. sanctions expired on October 23, 2016;

» Iranians say: Bank Saderat had lost massive amounts of people money;
» Designated Bank Saderat Owns Shares of Moallem Insurance Company;
» Iran Regime’s Largest Bank (Saderat) Likely to Be Delisted From Stock Market;
» Nine Iranian-controlled banks linked to missile activity;
» Iran is currently making a major effort to expand its footprint in Canada
» Companies Controlled by Khamenei Are Winner of JCPOA;


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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.