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Future Bank B.S.C.

Sanctioned entity

Future Bank B.S.C. is subject to sanctions. See the individual program listings below.

Type	Company				[sources]
Name	FUTURE BANK B.S.C. · FUTURE BANK BSC Closed · Future Bank B.S.C. · Future Bank BSC				[sources]
Other name	BANK-E AL-MOSTAGHBAL · FUTURE BANK · Future Bank · Futurebank				[sources]
Incorporation date	2004-09-06				[sources]
Jurisdiction	Bahrain				[sources]
Country	Bahrain				[sources]
PermID	`5000049435`				[sources]
Phone	+97317505000				[sources]
Registration number	`MDYAT2YC8GQ3`				[sources]
Website	www.futurebank.com.bh · www.futurebank.com.bh				[sources]
Status	Active				[sources]
Address	Building 2577, Road 2833, Block Al-Seef 428, PO Box 785, Manama · Building 2577, Street 2833, PO Box 785, MANAMA, Bahrain · P.O. BOX 785, CITY CENTRE BUILDING GOVERNMENT AVENUE, MANAMA, BHR				[sources]
Source link	permid.org · sanctionssearch.ofac.treas.gov				[sources]
Last change	2024-09-10	Last processed	2024-10-09	First seen	2023-04-20

Descriptions

Bahrain (Business Registration 2k Document: 54514-1 (Bahrain) expires 9 Jun 2009; Trade License No 13388 (Bahrain).

— Swiss SECO Sanctions/Embargoes, 2023-04-20

Two-thirds of Bahrain-based Future Bank are owned by Iranian banks. Bank Melli and Bank Saderat each own one-third of the shares, the remaining third being held by Ahli United Bank (AUB) of Bahrain. Although AUB still owns its shares of Future Bank, according to its 2007 annual report, AUB no longer exercises significant influence over the bank which is effectively controlled by its Iranian parents both of which are singled out in UNSCR 1803 as Iranian banks requiring particular «vigilance». The tight links between Future Bank and Iran are further evidenced by the fact that the Chairman of Bank Melli has also held concurrently the position of Chairman of Future Bank.

— Swiss SECO Sanctions/Embargoes, 2023-04-20

All Offices Worldwide

— US OFAC Specially Designated Nationals (SDN) List, 2023-04-20

Relationships

Address
Full address	Country
P.O. Box 785, Block 304. City Centre Building. Building 199, Government Avenue, Road 383, Manama, Bahrain	-
Building 2577, Road 2833, Block Al-Seef 428, PO Box 785, Manama	Bahrain

Owners
Owner	Percentage held	Start date	End date
Bank Melli Iran	-	-	-

Sanctions
Authority	Program	Start date	End date
TREAS-OFAC	Reciprocal	-	-
State Secretariat for Economic Affairs	Ordinance of 11 November 2015 on measures against the Islamic Republic of Iran (SR 946.231.143.6), annexes 5-7	-	2016-01-17
Office of Foreign Assets Control	SDN List	-	-

Data sources

US Trade Consolidated Screening List (CSL)20,290

The Consolidated Screening List (CSL) is a list of parties for which the United States Government maintains restrictions on certain exports, reexports, or transfers of items.

United States · ITA

Swiss SECO Sanctions/Embargoes8,212

Switzerland manages a sanctions lists with a high degree of detail on the individuals that are subject to it's embargoes

Switzerland · SECO

US SAM Procurement Exclusions115,263

A database of suppliers who have been excluded from participating in US federal procurement.

United States · GSA

US OFAC Specially Designated Nationals (SDN) List31,940

The primary United States' sanctions list, specially designated nationals (SDN) part.

United States · OFAC

External databases

The record has been enriched with data from the following external databases:

PermID Open Data2,705

Permanent Identifier (PermID) is a reference data spine offered by LSEG/Refinitiv to help create unique identifiers for organizations that are publicly listed.

External dataset · LSEG · non-official source

Source data IDs: usgsa-s4mr3pwz5 · ofac-25577 · permid-5000049435 · ch-seco-9121

For experts: raw data explorer

Factsheet Descriptions Data sources

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