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Mrb Bank

On the SDN listEntityDPRK3RUSSIA-EO14024

Mrb Bank (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Programs: DPRK3, RUSSIA-EO14024. Addresses on file in: Georgia. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Georgia has 7 entities, vessels or aircraft with an address on the SDN list. Other sanctioned entities with an address in Tskhinvali, South Ossetia are listed below.

Sanctions programs

North Korea DPRK3

Sanctions against North Korea based on several executive orders and laws, over its nuclear and missile programs. They cover its government, party, banks and those who trade with them or employ its workers abroad.

Russia (Executive Order 14024) RUSSIA-EO14024

Program created in April 2021 to address harmful foreign activities of the Russian government. Since the 2022 invasion of Ukraine it has been the basis for most Russia sanctions: banks, defense, technology and energy companies and their suppliers, including outside Russia. Designations under this order can carry secondary sanctions risk for foreign financial institutions that facilitate significant transactions.

Also known as

  • INTERNATIONAL SETTLEMENT BANK LLC · aka
  • MEZHDUNARODNYI RASCHETNYI BANK · aka

Addresses on file

  • Stalin Street 20, Tskhinvali, South Ossetia, Georgia

OFAC remarks

Website https://mrb-bank.ru/; Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210; alt. Secondary sanctions risk: See Section 11 of Executive Order 14024.; Transactions Prohibited For Persons Owned or Controlled By U.S. Financial Institutions: North Korea Sanctions Regulations section 510.214; Organization Established Date 15 May 2015; Target Type Financial Institution; Registration Number 1159800030409 (Russia).

Frequently asked questions

What does it mean that Mrb Bank is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Mrb Bank?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.