KAFOLATBANK

Apartment 4/1, Academics Rajabovs Street, Dushanbe, Tajikistan

Khavarmianeh Bank, Ghavamin Bank, Gharzolhasaneh Resalat Bank, Kish International Bank, and Kafolatbank Kharvarmianeh Bank andGhavamin Bank are privately owned banks located in Iran. Gharzolhasaneh Resalat Bank, located in Iran, is also an Iranian financial institution. Kish International Bank is 55 percent owned by the Government of Iran via Refah Bank. Tajikistan-based Kafolatbank is owned by Sarmayeh Bank, which was identified as an Iranian financial institution by the U.S. Department of the Treasury in July 2012.

US

https://home.treasury.gov/news/press-releases/jl2618

2014-08-29

US

Iranian Transactions and Sanctions Regulations, 31 CFR part 560

OFAC country specific

Iran

Other financial restrictions, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

The Iranian Transactions Regulations, 31 C.F.R. part 560 (the “ITR”), financial institutions and other U.S. persons were prohibited from engaging in transactions with the GOI. Under those prior rules, U.S. financial institutions receiving instructions to execute transactions involving these entities were not required to block the transactions, but were instead required to reject those instructions rather than carry them out, unless the transactions were exempt, authorized, or not prohibited by OFAC.

SDN