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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	Future Bank · Futurebank				[sources]
Incorporation date	2004-09-06				[sources]
Jurisdiction	Bahrain				[sources]
Country	Bahrain				[sources]
Registration number	not available				[sources]
PermID	`5000049435`				[sources]
Phone	+97317505000				[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				[sources]
Source link	permid.org · sanctionssearch.ofac.treas.gov				[sources]
Created at	2016-01-17				[sources]
Modified on	2016-01-17				[sources]
Last changed	2023-11-21	Last checked	2024-04-24	First seen	2023-04-20

Descriptions

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

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

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

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

Sanctions
Authority	Program	Start date	End date
State Secretariat for Economic Affairs (SECO)	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 (OFAC)	SDN List	-	-

Data sources

US OFAC Specially Designated Nationals (SDN) List28,418

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

United States · Office of Foreign Assets Control (OFAC)

Swiss SECO Sanctions/Embargoes8,011

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

Switzerland · State Secretariat for Economic Affairs (SECO)

US Trade Consolidated Screening List (CSL)18,618

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 · Department of the Commerce - International Trade Administration

External databases

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

LSEG PermID Open Data2,452

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/Refinitiv · non-official source

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

For experts: raw data explorer

Factsheet Descriptions Data sources

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