Info:
Al-Bilad Islamic Bank is being designated for being owned or controlled by Aras Habib;
“Iran’s Central Bank Governor covertly funneled millions of dollars on behalf of the IRGC-QF through Iraq-based al-Bilad Islamic Bank to enrich and support the violent and radical agenda of Hizballah. It is appalling, but not surprising, that Iran’s senior-most banking official would conspire with the IRGC-QF to facilitate funding of terror groups like Hizballah, and it undermines any credibility he could claim in protecting the integrity of the institution as a central bank governor,” said Treasury Secretary Steven T. Mnuchin;
Seif has also supported the transfer of IRGC-QF-associated funds to al-Bilad Islamic Bank, an Iraq-based bank which is also being designated;
OFAC updated the SDN listing (10/29/2020) of the Iraq-based Al Bilad Islamic Bank with additional aliases including al Atta Islamic Bank for Investment and Finance. Al Bilad Islamic Bank was designated pursuant to E.O. 13224, a counterterrorism authority, on May 15, 2018 for being owned or controlled by Aras Habib who was involved in the exploitation of Iraq’s banking sector to move funds from Tehran to Hizballah. Al-Bilad Islamic Bank was used by Iran’s Central Bank Governor to covertly funnel millions of dollars on behalf of the IRGC-QF to support Hizballah;
Tarzali has worked with Hizballah and proposed that the terrorist group send funds through Iraq-based al-Bilad Islamic Bank;
Also Known As:
Al Bilad Islamic Bank
Established:
2006
Country:
Iraq
Address:
37 Building El-Karadeh 909 Street 1 Near Al Hurea Square, Baghdad, Iraq;
Al Masbah Branch, Baghdad Al Masbah Intersection, 929 Street 17 Bldg. 40, Previously the German Embassy, Baghdad, Iraq;
Erbil Branch, Erbil Province, 60 Bldg 354/132, 45 Street, Erbil, Iraq;
Al Mawarid Branch, Baghdad – Street 62 Neighboring the Department of Electricity, Baghdad, Iraq;
Al Nasiryah Branch, Zi Kar Province El Saray, Bldg. 2/239 Janat Al Janoub Hotel Building, Nasiryah, Iraq;
Al Basra Branch Al Basra, Manawy Pasha Corniche Street, Basra, Iraq; Al Sadr Branch, Jameela District Sadr City, Iraq;
Al Jaderya Branch Baghdad, Al Jaderya – Versus Baghdad University, 906 Street 28 – Dar 3, Baghdad, Iraq;
Karbala Branch Karbala, Al Dareeba Intersection, Karbala, Iraq;
Al Najaf Branch, Al Najaf Al Ashraf, Al Amir District – Al Koufa Street, Najaf, Iraq;
Zakho Branch Dahook, Zakho – Ibrahim Al Khaleel Street, Baydar Boulevard, Zakho, Iraq;
Al Mansour Branch Baghdad, Al Mansour-12-G 605-M-Bldg, Baghdad, Iraq;
Babel Branch Babel, Kalaj – Al Honood Branch, Babel, Iraq;
Beirut Branch Lebabon, Beirut – Hamra Street, Broadway Center – Versus Costa Caf, Lebanon, Beirut, Lebanon;
Phone:
964 7780322
Website:
www.bilad-bank.com
E-mail:
info@bilad-bank.com