Where can I verify this record?

The authoritative record is published by European Union / European Commission at https://webgate.ec.europa.eu/fsd/fsf/public/files/xmlFullSanctionsList/content?token=dG9rZW4tMjAxNw. Kleerance indexes this data for search and audit purposes but is not the primary source.

EU-CONSorganizationIRN

Is Banca Mehr on a sanctions list?

Q: Is Banca Mehr on a sanctions list?

Yes. Banca Mehr is currently indexed by Kleerance as appearing on the EU Consolidated Financial Sanctions published by European Union / European Commission. Always verify against the official primary source before taking action.

Yes. Banca Mehr appears on the EU Consolidated Financial Sanctions maintained by European Union / European Commission (EU). Listed on 6/28/2022.

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Record summary

Banca Mehr is an entity indexed by Kleerance on the EU Consolidated Financial Sanctions (EU-CONS), maintained by European Union / European Commission in EU. This record carries sanctions program IRN; 3 recorded aliases; 1 address record. The publishing authority's listing date on file is 6/28/2022.

Remarks

Mehr Bank is controlled by Bonyas Taavon Sepah and the IRGC. Mehr Bank provides financial services to the IRGC. According to an open source interview with the head of Bonyad Taavon Sepah, Parviz Fattah, Bonyad Taavon Sepah created Mehr Bank to serve the Basij (paramilitary arm of the IRGC).

Aliases (3)

Mehr Bank·akaMehr Finance and Credit Institute·akaMehr Interest-Free Bank·aka

Addresses

No. 182, Shahid Tohidi St, 4th Golsetan, Pasdaran Ave., Tehran,1666943, IRAN (ISLAMIC REPUBLIC OF)

What does inclusion on EU-CONS mean?

Inclusion on the EU Consolidated Financial Sanctions List means EU persons and entities are required to freeze funds and economic resources of the listed party and refrain from making funds or resources available, in line with the relevant Council Regulation.

This explainer is informational only, is not legal advice, and does not describe the full scope of any restriction. Always verify against the primary source and consult qualified counsel.

Frequently asked

Is Banca Mehr on a sanctions list?: Yes — indexed by Kleerance as appearing on the EU Consolidated Financial Sanctions published by European Union / European Commission. Always confirm against the primary source before acting.
How current is this record?: Kleerance re-checks the source every six hours. This page reflects the most recent ingested version of the list. The publishing authority's listing date on record is 6/28/2022.
Where can I verify this record?: Directly at the publishing authority: https://webgate.ec.europa.eu/fsd/fsf/public/files/xmlFullSanctionsList/content?token=dG9rZW4tMjAxNw.

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