Saba Tamin Investment working with sanctioned entities

INVOLVED IN THIS ARTICLE:

Saba Tamin Investment

Saba Tamin Investment

Alborz Insurance

Alborz Insurance

Bank Refah Kargaran

Bank Refah Kargaran

Tejarat Bank

Tejarat Bank

The Saba Tamin Investment Company is a financial holding company that provides the services in financial markets at national and international levels. According to Saba Tamin Investment Company official website they are working with:

Banks:
1. Bank Mellat
Bank Mellat is 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 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;
2. Bank Tejarat
– 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;
3. Bank Refah
– Has provided financial services to entities in Iran’s defense sector. Provided financial services to Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and Iran Aircraft Manufacturing Industrial Company (HESA);

ifmat - Saba Tamin Affiliated Banks

Insurance Companies:
1. Dana Insurance
Dana Insurance lists among its clientele Ansar Bank an entity designated by OFAC for its links to the IRGC. Another listed client is the Imam Khomeini Relief Committee, whose Lebanon branch was designated for its links to Hizballah;
2. Mellat Insurance
– Controlled by the Execution of Imam Khomeini’s Order (EIKO) international financial network, which acts on behalf of the Government of Iran;
3. Mihan Insurance
4. Alborz Insurance
– Alborz Insurance is Iranian entity owned and controlled by the government of Iran;

ifmat - Saba Tamin Affiliated Insurance

Subsidiaries of Saba Tamin Investment Company are:
1. Sabadamin Brokerage firm
2. Bahonar Brokerage Company
3. Hamoun Shomal Investment Company
4. Sabatamin Management Services
5. Tamin Ayandeh Insurance Brokerage

ifmat - Saba Tamn Subsidiaries

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