Info:
Saman Bank is a privately owned Iranian bank. It is listed on the Tehran Stock Exchange. This bank started its activities as Credit Institution in September 1999. Subsequently, in August 2002, it received a full banking license and changed its name to Saman Bank. As of May 2018, the bank had 174 branches in Iran (81 branches in Tehran and 68 branches in other cities);
Saman Bank is actively involved in the transfer of proceeds from the sale of Petrochemical products and oil derivatives to Iran. It has ties with different companies in the Petrochemical industry. A number of such companies are: Persian Gulf Petrochemical Company (affiliated with the IRGC), Parsian Oil and Gas (HQ for the Execution of Imam Khomeini’s Order (HEIKO), Jam Petrochemical Company, Petro Pars, and Zagros Petrochemical Company. In 2017, Saman Bank transferred $50 million plus for Zargros and Jam Petrochemical companies. Based on reports received, in order to continue its activities while sanctions were in place, Saman Bank declared that its principal area of activity is pharmaceutical and food products;
Saman Bank works with Amin Exchange;
Saman Bank sined financial deal with Oberbank;
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 13382, which targets proliferators of weapons of mass destruction and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions. also designated pursuant to Executive Order 13599 and 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;
Industry:
Banking, Financial services
Established:
2002
Country:
Iran
Headquarters:
Tehran, Iran
Website:
www.sb24.com
E-mail:
info@sb24.com
Subsidiaries:
Saman Kish Electronic Payment
Saman Satellite Communications Group (Saman SCG)
Saman Exchange
Saman Insurance
Saman Brokerage
Iranian Credit Bureau & Scoring
Saman Processing
Aftab Tejarat Saman Servicing
Kardan Investment Bank
People of interests:
Vali Zarrabieh (Chairman)
Ahmad Taheri Behbahani (CEO)
Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on October 8, 2020 pursuant to Executive Order 13902, which provides authority to identify and impose sanctions on key sectors of Iran’s economy in order to deny the Iranian government financial resources that may be used to fund and support its nuclear program, missile development, terrorism and terrorist proxy networks, and malign regional influence;
Under the provisions of E.O. 13902, the Secretary of the Treasury identified the financial sector of Iran’s economy as an additional avenue that funds the Iranian government’s malign activities;
The banks sanctioned today are subject to the supervision and regulation by the Central Bank of Iran (CBI), which was previously designated under E.O. 13224 for providing support to the Islamic Revolutionary Guards Corps (IRGC), its Qods Force (IRGC-QF), and its terrorist proxy, Hizballah;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on November 05, 2018;
» Designated by The Department of the Treasury’s Office of Foreign Assets Control (OFAC) in 2012;
» The Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Bank Saman from the List of Specially Designated companies, January 16, 2016;