Info:
Provided financial services to sanctioned Iranian banks;
Provided foreign currency exchange services worth more than $55 million to Bank Mellat;
Has also provided currency exchange services to Bank Melli;
On May 8, 2012, license was revoked by the Central Bank of the United Arab Emirates (UAE) for regulatory and anti-money laundering compliance violations;
Offers remittance, bank transfer, currency exchange, and credit card services;
Has no relationship or connection with Al Hilal Bank, according to the U.S. Department of the Treasury;
Country:
United Arab Emirates
Address:
-P.O. Box 28774, Shop # 9 & 10 Ground Floor, Emirates Concorde Hotel, Al Maktoum Road, Deira Dubai, United Arab Emirates
-Emirates Concorde Hotel & Residence, Almaktoum Street, P.O. Box 28774, Dubai, United Arab Emirates
-Riggat Al Buteen, Deira, Dubai, United Arab Emirates
-Maktoom Road Deira, Dubai, United Arab Emirates
Phone:
+971 4 2500090, +97142348515, +971.506519585
E-Mail:
info@alhilalexchange.com
mehdi.abedi@yahoo.com
Web Site:
www.alhilalexchange.com
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 May 15, 2013, 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;