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December 4, 2019: SECO amends Mehr Bank listing

On Wednesday, Swiss authorities updated the following Iran sanctions listing:

SSID: 80-9681 Foreign identifier: 110. Name: Mehr Bank

Good quality a.k.a.: a) Mehr Finance and Credit Institute b) Mehr Interest-Free Bank Address: 204 Taleghani Ave.,No. 182, Shahid Tohidi St, 4th Golsetan, Pasdaran Ave, Tehran, 1666943, Iran

Justification: 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 (born 1961), Bonyad Taavon Sepah created Mehr Bank to serve the Basij (paramilitary arm of the IRGC). Relation: a) Controlled by Islamic Revolutionary Guard Corps (IRGC) (104., SSID 80-9645) b) Controlled by Bonyad Taavon Sepah (106., SSID 80-9660) Modifications: Amended on 3 Dec 2019

Links:

FINMA Notice

Data files of updates – PDF, XML

Categories: Iranian Sanctions Sanctions Lists SECO Updates

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