Bank Maskan

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
Bank Maskan, also known as the Housing Bank, is a bank in Iran. In 2008, the Central Bank banned all banks and other financial institutions, except for Maskan Bank, from providing residential mortgages;

According to “intelligenceonline” Turkish groups present in Iran use Bank Maskan for various transactions;

Their subsidiaries include: Maskan Investment Company., established 1991. According to official website on Shomal Cement Company, Bank Maskan subsidiary, Maskan Investment Company is one of the shareholder in Shomal Cement Company;

According to US Treasury, Bank Maskan it is owned or controlled by the government of Iran;

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13224, which targets terrorists and those providing support to terrorists or acts of terrorism; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions; also designated pursuant to the Iranian Financial Sanctions Regulations (IFSR); foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States;

Also Known As:
Housing Bank (Of Iran)

Established:
1938

Country:
Iran

Address:
P.O. Box 11365/5699, No 247 3rd Floor Fedowsi Ave, Cross Sarhang Sakhaei St, Tehran, Iran;

Person of interests:
Abolghasem Rahimi Anaraki – CEO (from 2018)
Mohammad Hashem Botshekan (CEO & Chairman)

Website:
www.bank-maskian.ir

E-mail:
[email protected]

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 05, 2018;
» 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 8/29/2014, pursuant to Executive Order 13599;
» 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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