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 large Iranian commercial bank that has directly facilitated Iran’s nuclear efforts and supported the activities of entities involved in Iran’s missile program;

Bank Tejarat is designated pursuant to E.O. 13382 on November 5, 2018, for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, Bank Sepah. As recently as 2018, Bank Tejarat provided critical financial services for Bank Sepah;

Bank Tejarat also is being 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, Mahan Air, a designated Iranian airline that provides transportation, funds transfers, and personnel travel services to the IRGC-QF. Mahan Air was designated pursuant to E.O. 13224 on October 12, 2011;

Belarus-based Trade Capital Bank (TC Bank) is being designated pursuant to E.O. 13382 and E.O. 13224 for being owned or controlled by Bank Tejarat;

Sanctioned Bank Tejarat owns shares in Moallem Insurance Company;

Assisted designated Iranian banks in circumventing international sanctions, according to the European Union, in 2011, facilitated the movement of tens of millions of dollars to assist the Atomic Energy Organization of Iran (AEOI) in its effort to acquire yellowcake uranium;

Conducted business for front companies of Shahid Hemmat Industrial Group (SHIG), provided financial services to Bank Mellat and Export Development Bank of Iran (EDBI) that supported the activities of subsidiaries of the Islamic Revolutionary Guard Corps (IRGC), Defense Industries Organization (DIO), and Ministry of Defense Armed Forces Logistics (MODAFL);

Is a majority shareholder in Persia International Bank in England, Europaeisch-Iranische Handelsbank AG in Germany, (EIH Bank), and Trade Capital Bank in Belarus. Became a joint stock company traded on the Tehran stock exchange in 2009;

Has had a legal partnership with Islamic Republic of Iran Shipping Lines (IRISL), has financed projects for Fajr Petrochemical, Khorasan Petrochemical Company, and National Iranian Copper Industries Company (NICICO);

Headquartered in Tehran, with branches in the following cities: Ahwaz, Arak, Ardebil, Bandar Abbas, Boushehr, Esfahan, Ghazvin, Hamedan, Kerman, Kermanshah, Kish Island, Mashhad, Qom, Rasht, Sanandaj, Sari, Semnan, Shiraz, Tabriz, Urmia,Yazd, and Zanjan; Maintains a representative office in Beijing, China, has overseas branches in London, Paris, Dushanbeh (Tajikistan), and Dubai, and at EIH Bank’s Hamburg location;

The Iranian government held a 19.48% stake as of March 2014, other shareholders include Provincial Investment Companies, Association, Saba Tamin Investment Company, Razavi Economic Organisation, Razavi International Capital Growth Plan Co., Omran Razavi International Co., Centre of Individual Shareholders, Sherkat Bazargani Tadarokat Karamad Pooya Abrisham, National Investment Company of Iran, and Tadbirgarane Fardaye Omid, some of which are reportedly controlled by the Iranian government;

Also Known As:
Trade Bank

Involved In:
Nuclear Weapon Program
Missile Weapon program

Established:
1979

Country:
Iran

Address:
130 Taleghani Avenue, Nejatoullahie, P.O. Box 11365-5416, Tehran, Iran
Beijing, China;
London;
Paris;
Dushanbeh (Tajikistan);
Dubai;
EIH Bank’s Hamburg location;

Phone:
88826690

Website:
www.tejaratbank.ir

E-mail:
info@tejaratbank.ir

Subsidiaries:
Ard Tejarat (Tejarat Flour Co.);
Sarmayegozari va Sakhtemani Tejarat;
Sarafi Tejarat (Tejarat Exchange Co.);
Kargozan Bank Tejarat (Bank Tejarat Brokers);
Mohandesin Moshawer Tejarat (Tejarat Consulting Engineers);
Zist Khavar;

Holds shares in:
Tejarat Services (99.98%);
Tehran-Saveh Expressway (45%);
Leasing Iran Azadrah Ghazvin-Rasht (40.63%);
Felahali Isfahaniha (33.33%);

Person of interests:
M.E. Moghadam Noudehi (board of directors);
S. M. Fahim Hashemi (board of directors);
A. Akbari (board of directors);
R. Dolatabadi (board of directors);

Articles/Reports:
Corruption in Iran 2017
Iran Foreign Investment Company (IFIC) and ASCOTEC – 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 November 5, 2018 pursuant to Executive Order 13382 for having provided, or attempted to provide, financial, material, technological, or other support for, or goods or services in support of, Bank Sepah and Mahan Air;
» Corruption in Iran 2017;
» Listed by the European Union on January 23, 2012 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
Assisted designated Iranian banks in circumventing international sanctions, according to the European Union;

» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;
» January 23, 2012, added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as part of the Government of Iran, prohibiting transactions with U.S. parties;


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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.