Iranian Entity: Bank Tejarat
|Also Known As:|
130 Taleghani Avenue, Nejatoullahie, P.O. Box 11365-5416, Tehran
Has directly facilitated Iran's nuclear efforts; 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; with some exceptions, European Union member states must freeze all funds and economic resources owned, held or controlled by the listed entity, and prevent funds or economic resources from being made available to it; on 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), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems.
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 Organisation of Iran (AEOI) in its effort to acquire yellowcake uranium; conducted business for front companies for U.N.-designated 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).
Holds a 40% equity stake in Persia International Bank PLC and a 19% equity stake in Europaeisch-Iranische Handelsbank AG (EIH Bank); wholly-owned subsidiaries include 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), and Zist Khavar; is a shareholder in Trade Capital Bank (99.37%) (see separate entity record), Tejarat Services (99.98%), Tehran-Saveh Expressway (45%), Leasing Iran Azadrah Ghazvin-Rasht (40.63), and Felahali Isfahaniha (33.33%); has a legal partnership with Islamic Republic of Iran Shipping Lines (IRISL - see separate entity record); 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, Dushanbeh (Tajikistan), Esfahan, Ghazvin, Hamedan, Kerman, Kermanshah, Kish Island, Mashhad, Qom, Rash, Sanandaj, Sari, Semnan, Shiraz, Tabriz, Urmia,Yazd, and Zanjan; maintains a representative office in Beijing, China; has branches at Persia International Bank's London and Dubai locations and at EIH Bank's Hamburg location.
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