Iranian Entity: Post Bank

www.postbank.ir

info@postbank.ir

Bank owned by the government of Iran; listed by the European Union on July 26, 2010 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; according to the European Union, acts on behalf of Bank Sepah (see separate entity record), carrying out its transactions in order to circumvent sanctions, and in 2009, "facilitated business on behalf of Bank Sepah between Iran's defence industries and overseas beneficiaries"; according to the European Union, facilitated business with a front company for North Korea's Tanchon Commercial Bank (see separate entity record), which is known for facilitating proliferation-related business with Iran; sanctioned in 2010 by the governments of Australia, Japan, and South Korea, restricting business and financial transactions with the entity and/or freezing its assets in those countries; added to the Specially Designated Nationals (SDN) list maintained by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on June 16, 2010, 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; listed by the British government in 2010 as an entity of potential concern for WMD-related procurement; managing director is Mahmoud Afzali; board members include Mahmoud Afzali, Rohallah Kohdarahmi, Ali Nemati, Gholamreza Kateb, Mahmmoud Haratian Nejadi, and Adel Ghobadizadeh; established in 1995.