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:
OFAC is designating Bonyad Taavon Basij pursuant to E.O. 13224 for being owned or controlled by the Basij, and also for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, to the Basij Resistance Force (Basij), a paramilitary force subordinate to Iran’s Islamic Revolutionary Guard Corps (IRGC). Among other malign activities, the IRGC’s Basij militia recruits, trains, and deploys child soldiers to fight in IRGC-fueled conflicts across the region. This Iran-based network is known as Bonyad Taavon Basij, which is translated as Basij Cooperative Foundation, and is comprised of at least 20 corporations and financial institutions. The Bonyad Taavon Basij employs shell companies and other measures to mask Basij ownership and control over a variety of multibillion-dollar business interests in Iran’s automotive, mining, metals, and banking industries, many of which have significant international dealings across the Middle East and with Europe;

“The Bonyad Taavon Basij network is an example of how the IRGC and Iranian military forces have expanded their economic involvement in major industries, and infiltrated seemingly legitimate businesses to fund terrorism and other malign activities. This vast network provides financial infrastructure to the Basij’s efforts to recruit, train, and indoctrinate child soldiers who are coerced into combat under the IRGC’s direction,”;

Bonyad Taavon Basij manages Basij members’ economic activities by funding small companies. However, as its role in domestic oppression and support for the IRGC-QF’s external meddling has increased, Bonyad Taavon Basij has expanded its reach into Iran’s economy by establishing several investment firms through its financial and investment offshoot Mehr Eqtesad Bank;

Mehr Eqtesad Bank is designated pursuant to E.O. 13224 for being owned or controlled by Bonyad Taavon Basij, and also for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, the Basij and Bonyad Taavon Basij;

Mehr Eqtesad Iranian Investment Company, acts as an intermediary for the economic entrenchment of the Basij and Bonyad Taavon Basij;

The Middle East’s Largest Iran Tractor Manufacturer Company, is generating millions of dollars for the Basij;

Esfehan’s Mobarakeh Steel Company, the largest steel maker in the Middle East and North Africa region, is used as a revenue stream for Bonyad Taavon Basij’s economic conglomerate;

Also Known As:
Basij Cooperative Foundation

Country:
Iran

Address:
Tehran, Iran

Website:
www.bonyadtb.ir

E-mail:
info@bonyadtb.ir

Operational Scheme:
Bonyad support network IRGC’s financial lifeline

Articles/Reports:
Bonyad Taavon Sepah – Report

Reason for the color:
» 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 October 16, 2018 pursuant to Executive Order 13224 for being owned or controlled by the Basij, and also for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, the Basij;


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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.