Bank Melli Iran Sanctions

13224 for being owned or controlled by bank melli or one of bank melli s subsidiaries.

Bank melli iran sanctions. Bank kargoshaee melli bank plc tose e melli group investment company tose e melli investment company national industries and mining development company behshahr industrial. Since then trump has steadily increased pressure on iran by imposing sanctions on. 2020 all rights reserved. With effect from 12.

Its shareholder is bank melli iran which according to the united states provides multi billion financial material and technological support to the islamic revolution. Along with arian bank ofac designated another 12 entities pursuant to e o. Dear customers on 08 may 2018 the us president announced the withdrawal of the usa and on 05 november 2018 further us sanctions came into force. The sanctions list published by the us treasury contains only the russian daughter of the iranian bank melli the mir business bank registered in moscow mb bank.

Department of the treasury s office of foreign assets. Bank melli iran your partner for business with iran iran s leading commercial bank is represented in germany by its hamburg branch. Ap photo vahid salemi file. As part of the re imposition of u s.

Sanctions on iran added on november 5 2018 to the specially designated nationals sdn list maintained by the u s. The sanctions require financial monitoring of bank melli and bank saderat both of which have suspected ties to iranian proliferation. Iranians use atms of bank melli iran in downtown tehran iran april 4 2015. November 2018 bank melli iran hamburg was.

Specifically the sanctions target foreign. Sanctions against the central bank of iran are enacted in section 1245 of the national defense authorization act for fiscal year 2012. Bank melli iran uae. The eu sanctions to freeze the accounts of bank melli which goes much further than the latest un sanctions in march which simply calls on member countries to exercise vigilance over the activities of iranian financial institutions including bank melli.