Bank Kargoshaee

Also Known As: 

Kargosa'i Bank
Kargosai Bank
Bank Kargoshaie
Kargoshaee Bank
Bank Kargoshai

Weapon Program: 

  • Military

Address: 

587 Mohammadiye Square, Mowlavi St., Tehran, 11986, Iran

Phone: 

98 21 5634771-3

Fax: 

98 21 5621441

E-Mail: 

personalkar@ibi.com

Owned by Bank Melli.

Company personnel reportedly include Ali Aadeli.

Sanctions

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.

Previously added to the SDN list on October 25, 2007, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action.

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; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action.

Formerly sanctioned by the governments of Canada and South Korea; Canadian and South Korean sanctions removed in February 2016. 

Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement, but removed in 2017 after the U.K. withdrew its Iran list.

Mentioned Suspect Entities & Suppliers: 

Date Entered: 

August 27, 2008

Date Last Modified: 

December 10, 2018