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International Development Bank For Investment And Finance

On the SDN listEntityIRAN-EO13902

International Development Bank For Investment And Finance (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN-EO13902. Addresses on file in: Iraq. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Iraq has 51 entities, vessels or aircraft with an address on the SDN list. Other sanctioned entities with an address in Baghdad are listed below.

Sanctions program

Iran: economic sectors (Executive Order 13902) IRAN-EO13902

January 2020 order that allows sanctions on those operating in key sectors of Iran's economy, such as construction, mining, manufacturing and textiles, later extended to petroleum and petrochemicals. It is widely used against networks trading Iranian oil.

Also known as

  • IRAQ DEVELOPMENT BANK · aka

Addresses on file

  • Arasat Ave, Karada, Baghdad, Iraq
  • Karrada, Hay Babil Dist. 929, Arasat Ave., St No. 21, Building 1, Baghdad 10069, Iraq

OFAC remarks

SWIFT/BIC IDBQIQBA; Website https://www.idb.iq; Organization Established Date 11 Jan 2011; Target Type Financial Institution; Legal Entity Number 2549001T72VRU0W37E62; a.k.a. 'INTERNATIONAL DEVELOPMENT BANK'.

Other sanctioned entities in Baghdad

Sharing a city does not imply any link between these entities.

Frequently asked questions

What does it mean that International Development Bank For Investment And Finance 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 International Development Bank For Investment And Finance?

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.