Treasury Designation of Two Iranian Entities tied to Proliferation Activities (12/18/08)
Bank Melli was designated by the United States under Executive Order 13382 in October 2007, was identified in UN Security Council Resolution 1803 as a bank of proliferation concern warranting greater scrutiny, and was designated by the European Union in August 2008 for its support for proliferation. Bank Melli provides financial services, including opening letters of credit and maintaining accounts, for Iranian front companies and entities engaged in proliferation activities. [more]
11-6-08: Treasury Revokes "U-Turn" License for Iran [more]
Briefing on a Treasury Designation Under Executive Order 13382”, Briefing by Acting Assistant Secretary for International Security and Nonproliferation Patricia McNerney, Principal Deputy Assistant Secretary for Near Eastern Affairs Jeffrey Feltman, and Director of Treasury’s Office of Foreign Assets Control (OFAC) Adam Szubin, September 10, 2008 http://www.state.gov/r/pa/prs/ps/2008/sept/109472.htm
Designation of the Islamic Republic of Iran Shipping Lines (IRISL) and Subsidiaries for Proliferation Activities, September 11, 2008
These designations serve to implement United Nations Security Council Resolution 1803 of March 2008, which calls upon all states, in accordance with their national legal authorities and international law, to inspect IRISL cargoes to or from Iran, "provided there are reasonable grounds to believe that the…vessel…is transporting goods prohibited" under UNSCRs 1737, 1747 or 1803. More
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