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:
Established as a joint venture project between Bank Saderat Iran, Bank Melli Iran and Ahli United Bank (AUB) Bahrain;

Future Bank B.S.C. is being identified as a person whose property and interests in property are blocked due to the fact that Bank Melli and Bank Saderat, entities whose property and interests in property are blocked pursuant to E.O. 13224, hold a 50 percent or greater aggregate interest in the bank;

Future Bank is designated on 05 November, 2018, pursuant to E.O. 13224 for being owned or controlled by Bank Melli and Bank Saderat;

Focus is wholesale investment banking between Iran and the GCC countries;

Future Bank has three branches and an Offshore Banking Unit in Bahrain, as well as a representative office in Tehran;

Bank Melli is designated pursuant to E.O. 13224 for assisting in, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, the IRGC-Qods Force;

Also Known As:
Future Bank
Future Bank BSC (c)
Future Bank B S C (Closed)

Involved In:
Military Weapon Program

Country:
Kingdom of Bahrain

Address:
– Post Box 785, Manama, Kingdom of Bahrain
– City Centre Building, Government Avenue, Manama, Kingdom of Bahrain
– No. 25, Tandees Avenue, Africa Highway, Tehran, Islamic Republic of Iran (Tehran Representative Office)

Phone:
(973) 17210393,
+98 21 22053352 (Tehran Representative Office)

Website:
www.futurebank.com.bh

E-Mail:
futurebk@batelco.com.bh
info@futurebank.com.bh

Shareholders:
Bank Saderat Iran;
Bank Melli Iran;
Ahli United Bank (AUB) Bahrain;

Person of interests:
Dr. Hamid Borhani (Chairman);
Mr. Ali Sedghi (Deputy Chairman);
A. Aziz Ahmed A. Malek (Deputy Chairman);
Dr. Valiollah Seif (Chief Executive Officer & Managing Director);
Mr. Abbas Fatemi Torshizi (Deputy CEO & Director);
Mr. Shahram Razavi (Deputy CEO & Director);

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 7/24/2007 pursuant to Executive Order 13224 for being owned or controlled by Bank Melli;
» Along with all of its branches worldwide, 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 March 12, 2008, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; designated for being controlled by Iran’s Bank Melli;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties;
» 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;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement;
» Future Bank was established on the 1st of July, 2004 as a Joint Venture Project between three highly reputed financial institutions – Bank Saderat Iran, Bank Melli Iran, and Ahli United Bank (AUB) Bahrain;


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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.