A subsidiary of Iran's Ansar Bank; has facilitated financial transactions for Ansar Bank, the Islamic Revolutionary Guard Corps (IRGC), and Iran's Ministry of Defense and Armed Forces Logistics (MODAFL); has a close relationship with the IRGC Quds Force, according to the U.S. Department of the Treasury.

Reportedly established in 2012; national identification number is 10320743975; business registration number is 423264.

Sanctions

Added on March 26, 2019, to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), blocking the entity’s 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 subject to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States.