# Council Decision 2011/299/CFSP of 23 May 2011 amending Decision 2010/413/CFSP concerning restrictive measures against Iran, Division II: Islamic Revolutionary Guard Corps (IRGC)

Extent: E+W+S+N.I.

Entities
Name
Identifying information
Reasons
Date of listing
1.
Bonyad Taavon Sepah (a.k.a. IRGC Cooperative Foundation; Bonyad-e Ta'avon-Sepah; Sepah Cooperative Foundation)
Niayes Highway, Seoul Street, Tehran, Iran
Bonyad Taavon Sepah, also known as the IRGC Cooperative Foundation, was formed by the Commanders of the IRGC to structure the IRGC's investments. It is controlled by the IRGC. Bonyad Taavon Sepah's Board of Trustees is composed of nine members, of whom eight are IRGC members. These officers include the IRGC's Commander in Chief, who is the Chairman of the Board of Trustees, the Supreme Leader's representative to the IRGC, the Basij commander, the IRGC Ground Forces commander, the IRGC Air Force commander, the IRGC Navy commander, the head of the IRGC Information Security Organization, a senior IRGC officer from the Armed Forces General Staff, and a senior IRGC officer from MODAFL.
23.05.2011
2.
Ansar Bank (a.k.a. Ansar Finance and Credit Fund; Ansar Financial and Credit Institute; Ansae Institute; Ansar al-Mojahedin No-Interest Loan Institute; Ansar Saving and Interest Free-Loans Fund)
No. 539, North Pasdaran Avenue, Tehran; Ansar Building, North Khaje Nasir Street, Tehran, Iran
Bonyad Taavon Sepah created Ansar Bank to provide financial and credit services to IRGC personnel. Initially, Ansar Bank operated as a credit union and transitioned in to a fully fledged bank in mid 2009, upon receiving a licence from Iran's Central bank. Ansar Bank, formerly known as Ansar al Mojahedin, has been linked to the IRGC for over 20 years. IRGC members received their salaries through Ansar bank.
In addition, Ansar bank provided special benefits to IRGC personnel, including reduced rates for home furnishings and free, or reduced-cost, health care.
23.05.2011
3.
Mehr Bank (a.k.a Mehr Finance and Credit Institute; Mehr Interest-Free Bank)
204 Taleghani Ave., Tehran, Iran
Mehr Bank is controlled by Bonyas Taavon Sepah and the IRGC. Mehr Bank provides financial services to the IRGC. According to an open source interview with the head of Bonyad Taavon Sepah, Parviz Fattah (b. 1961), Bonyad Taavon Sepah created Mehr Bank to serve the Basij (paramilitary arm of the IRGC).
23.05.2011

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Source: https://www.legislation.gov.uk/eudn/2011/299/annex/I/division/II (the official version)
Page: https://openlegislation.uk/eu-decision-2011-299/annex-I/division-II
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.