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The Court of Justice Confirms the Annulment of the Fund-Freezing Measures in Place Against Bank Mellat Since 2010
Court of Justice of the European Union PRESS RELEASE No 14/16 Luxembourg, 18 February 2016 Judgment in Case C-176/13 P Press and Information Council v Bank Mellat The Court of Justice confirms the annulment of the fund-freezing measures in place against Bank Mellat since 2010 The Council failed to provide sufficient grounds or evidence In order to strengthen efforts to combat Iran’s nuclear proliferation-sensitive activities and the development of nuclear weapon delivery systems in Iran, the Council froze the funds of various Iranian financial entities, including Bank Mellat, 1 from 2010 onwards. The reasons given for freezing Bank Mellat’s funds were essentially as follows: ‘Bank Mellat engages in a pattern of conduct which supports and facilitates Iran’s nuclear and ballistic missile programmes. It has provided banking services to United Nations and EU listed entities or to entities acting on their behalf or at their direction, or to entities owned or controlled by them. It is the parent bank of First East Export [FEE] which is designated under United Nations Security Council Resolution 1929’. Bank Mellat successfully challenged the freezing of its funds before the General Court.2 The Council subsequently appealed to the Court of Justice to have the General Court’s judgment set aside. In today’s judgment, the Court of Justice, confirming the principles established in Kadi II,3 finds, as did the General Court, that the first two sentences of the reasons set out above do not enable Bank Mellat to establish specifically which banking services it provided to which entities, particularly as the persons whose accounts were managed by Bank Mellat are not identified. -
Iranian Psps Among Global Acquirers
!"#$ % & ' ( # Login $ Register Search ... % & SUBSCRIBE TUESDAY October, 08 2019 " NATIONAL ENERGY ECONOMY BUSINESS & MARKETS AUTO Time TRAVEL SCI-TECH ! Business And Markets ! October 07, 2019 19:21 11 Iranian PSPs Among Global Acquirers The 11 acquirers from Iran handled only debit card payments for the domestic market. Credit cards are not issued in Iran and are very rare Today`s Top Stories 11 Iranian PSPs Among Global Acquirers !. ". #. $ '.. leven Iranian payment service provider companies are among the world’s top 150 E acquirers, according to the latest report by Nilson Report Magazine, a journal specializing in $ payment industry news and statistics. SCI Report: Behpardakht Mellat, affiliated to Bank Mellat, ranked Spendin 1 15th on the list with over 4.3 billion transactions in g 2018. The company improved one notch over its 16th Inequali place in 2017. ty With 3.6 billion transactions, Saman Bank’s E-Payment Widens Company ranked 19th in 2018, improving 4 places over Between its position in 2017. Rich and Asan Pardakht Persian ranked 22th, rising 3 places Poor compared with its previous standing at 25 in 2017. Parsian E-Commerce Company, an affiliate of Parsian 11 Iranian PSPs Bank, currently on 27th position rose from 28th in Among Global 2 Acquirers 2018. The payment company processed 2.9 billion transactions in the year. $ Iran's Q2 Iran Kish Credit Card Company handled 1.8 billion Unemploymen 3 t Drops 1.8% to transactions and took 33th spot in the new ranking. The 10.5% company registered a dramatic improvement, up 9 slots from 42 in 2017. -
Biden, Congress Should Defend Terrorism Sanctions Imposed on Iran
Research memo Biden, Congress Should Defend Terrorism Sanctions Imposed on Iran By Richard Goldberg, Saeed Ghasseminejad, Behnam Ben Taleblu, Matthew Zweig, and Mark Dubowitz January 25, 2021 During a Senate Foreign Relations Committee hearing to consider Antony Blinken’s nomination for secretary of state, Blinken was asked whether he believed it is in America’s national security interest to lift terrorism sanctions currently imposed on Iran, including sanctions targeting Iran’s central bank, national oil company, financial sector, and energy sector. “I do not,” Blinken responded. “And I think there is nothing, as I see it, inconsistent with making sure that we are doing everything possible – including the toughest possible sanctions, to deal with Iranian support for terrorism.”1 Bipartisan support for terrorism sanctions targeting Iran goes back to 1984, when the United States first designated the Islamic Republic as a State Sponsor of Terrorism. Since then, every U.S. president2 – Republican or Democrat – and Congress have taken steps to reaffirm U.S. policy opposing Iran’s sponsorship of terrorism and tying sanctions relief to Iran’s cessation of terror-related activities. President Joe Biden has pledged to rejoin the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), if Iran returns to “strict compliance” with the agreement.3 Terrorism sanctions on Iran, however, should not be lifted, even if the Biden administration opts to return to the deal, unless and until Iran verifiably halts its sponsorship of terrorism. This memorandum provides an overview of Iran’s past and ongoing involvement in terrorism-related activities, a review of longstanding bipartisan congressional support for terrorism sanctions on Iran, and a list of terrorism sanctions currently imposed on Iran that should not be lifted. -
Department of the Treasury
Vol. 76 Thursday, No. 126 June 30, 2011 Part IV Department of the Treasury Office of Foreign Assets Control 31 CFR Chapter V Alphabetical Listings: Specially Designated Nationals and Blocked Persons; Blocked Vessels; Persons Determined To Be the Government of Iran; Final Rule VerDate Mar<15>2010 18:07 Jun 29, 2011 Jkt 223001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\30JNR3.SGM 30JNR3 srobinson on DSK4SPTVN1PROD with RULES3 38534 Federal Register / Vol. 76, No. 126 / Thursday, June 30, 2011 / Rules and Regulations DEPARTMENT OF THE TREASURY Background additions and deletions of names, as The Department of the Treasury’s well as changes in identifying Office of Foreign Assets Control Office of Foreign Assets Control information, it provides more up-to-date (‘‘OFAC’’) maintains a list of blocked information than the list of persons 31 CFR Chapter V persons, blocked vessels, specially previously published on an annual basis designated nationals, specially at Appendix A. Alphabetical Listings: Specially Persons engaging in regulated Designated Nationals and Blocked designated terrorists, specially designated global terrorists, foreign activities are advised to check the Persons; Blocked Vessels; Persons Federal Register and the most recent Determined To Be the Government of terrorist organizations, and specially designated narcotics traffickers whose version of the SDN List posted on Iran OFAC’s Web site for updated property and interests in property are information on blocking, designation, blocked pursuant to the various AGENCY: Office of Foreign Assets identification, and delisting actions economic sanctions programs Control, Treasury. before engaging in transactions that may administered by OFAC. OFAC be prohibited by the economic sanctions ACTION: Final rule. -
Bank Saderat Iran
Sanction catalogue 170.106.202.226 28.09.2021 02:45:14 BANK SADERAT IRAN See company profile List Type Entity List name SDN (OFAC) Programs (3) IFSR IRAN SDGT Remark all offices worldwide Names (2) Last name/Name BANK SADERAT IRAN Full name/Name BANK SADERAT IRAN Type Name Last name/Name IRAN EXPORT BANK Full name/Name IRAN EXPORT BANK Type Alias Quality Strong Addresses (27) Street 3rd Floor, Aliktisad Bldg, Ras El Ein Street Baalbak City Baalbak Country Lebanon Full address 3rd Floor, Aliktisad Bldg, Ras El Ein Street Baalbak, Baalbak, Lebanon Street PO Box 4308, 25-29 Venizelou St City Athens Country Greece Postal code GR 105 64 Region Attica Full address PO Box 4308, 25-29 Venizelou St, Athens, GR 105 64, Attica, Greece Street 16 rue de la Paix City Paris Country France Postal code 75002 Full address 16 rue de la Paix, Paris, 75002, France Street 3rd Floor, Mteco Centre, Mar Elias, Facing Al Hellow Barrak, POB 5126 City Beirut Country Lebanon Full address 3rd Floor, Mteco Centre, Mar Elias, Facing Al Hellow Barrak, POB 5126, Beirut, Lebanon Street Postfach 160151, Friedenstr 4, D-60311 City Frankfurt am Main Country Germany Full address Postfach 160151, Friedenstr 4, D-60311, Frankfurt am Main, Germany Street PO Box 5126 City Beirut Country Lebanon Full address PO Box 5126, Beirut, Lebanon Street Alghobeiri Branch - Aljawhara Bldg, Ghobeiry Blvd City Beirut Country Lebanon Full address Alghobeiri Branch - Aljawhara Bldg, Ghobeiry Blvd, Beirut, Lebanon Street PO Box 1269 City Muscat Country Oman Postal code 112 Full address PO Box 1269, -
Kardan at a Glance About Kardan
KARDAN AT A GLANCE ABOUT KARDAN • A pioneering investment banking, securities 32 People and investment management firm • Wide range of financial services 3 Top performing mutual funds • Clients in multiple industries and geographies 4 Corporate finance active advisory mandates • Full-fledged SEO license • $65m capital $630mn Assets under management • Business relationships with partners in several key regions and financial centers $70mn Underwriting of debt and equity • Currently around 30 employees 2 Market making of fixed income securities • CEO's of four fully licensed commercial banks on the board • Kardan's three main shareholders have over 23 Private portfolios 3,000 branches domestically and have an international reach into Western and Central Europe, Middle East and Asia. 12 Successful venture capital deals advised 2 THE KARDAN UNIVERSE The Kardan universe of parent and sister companies covers some of the most prominent institutions in the Iranian financial industry 33% 33% 33% FUNCTIONS AND DIVISIONS Corporate finance – M&A Block trading VC and PE funds Private placement: • Loan syndication (banks) • Institutions Capital markets • HNWI TRADE Foreign finance Sales Asset mgt RESEARCH Private wealth mgt Institutional wealth mgt Industry groups 4 DIRECTORS P. Aghili M.E. Moghadam V.Zarabieh CHAIRMAN DEP. CHAIRMAN MoB Founder and CEO CEO Tejarat Bank Deputy Chairman Saman Middle-East Bank Former CEO of Iran Bank Founder and former CEO Zamin Bank Karafarin Bank M. Omid Ghaemi A.M. Razazan S.B. Alaeifard MoB MoB MoB Co-founder Iran CFO Tejarat Bank Deputy of Investments Farabourse (Iran’s OTC Saman Bank market) M. Zamani CEO and MoB 5 THE TEAM Mona Hajaliasghar Ali Nourian COO DIRECTOR ASSET MANAGEMENT MSc. -
Iran-Related Designation Updates; Issuance of Iran-Related General License; Publication of Iran-Related Frequently Asked Questions
Iran-related Designation Updates; Issuance of Iran-related General License; Publication of Iran-related Frequently Asked Questions The following changes have been made to OFAC's SDN List: AMIN INVESTMENT BANK (a.k.a. AMINIB), No. 51 Ghobadiyan Street, Valiasr Street, Tehran 1968917173, Iran; Website http://www.aminib.com [IRAN]. -to- AMIN INVESTMENT BANK (a.k.a. AMINIB; a.k.a. "AMIN 1B"), No. 51 Ghobadiyan Street, Valiasr Street, Tehran 1968917173, Iran; Website http://www.aminib.com; Additional Sanctions Information - Subject to Secondary Sanctions [IRAN] [IRAN-E013902]. BANK KESHAVARZI IRAN (a.k.a. AGRICULTURAL BANK OF IRAN; a.k.a. BANK KESHAVARZI), PO Box 14155-6395, 129 Patrice Lumumba St, Jalal-al-Ahmad Expressway, Tehran 14454, Iran; all offices worldwide [IRAN]. -to- BANK KESHAVARZI IRAN (a.k.a. AGRICULTURAL BANK OF IRAN; a.k.a. BANK KESHAVARZI), PO Box 14155-6395, 129 Patrice Lumumba St, Jalal-al-Ahmad Expressway, Tehran 14454, Iran; Website www.agri- bank.com; alt. Website www.bki.ir; Additional Sanctions Information - Subject to Secondary Sanctions; all offices worldwide [IRAN] [IRAN-E013902]. BANK MASKAN (a.k.a. HOUSING BANK (OF IRAN)), PO Box 11365/5699, No 247 3rd Floor Fedowsi Ave, Cross Sarhang Sakhaei St, Tehran, Iran; all offices worldwide [IRAN]. -to- BANK MASKAN (a.k.a. HOUSING BANK - OF IRAN), PO Box 11365/5699, No 247 3rd Floor Fedowsi Ave, Cross Sarhang Sakhaei St, Tehran, Iran; P.O. Box 11365-3499, Ferdowsi Ave, Cross Sarhang Sakhaie St, Tehran, Iran; Website www.bank-maskan.ir; Additional Sanctions Information - Subject to Secondary Sanctions; all offices worldwide [IRAN] [IRAN-E013902]. -
Secondary Sanctions on the Iranian Financial Sector Create De Facto Embargo with Lasting Implications for the Biden Administration
Secondary Sanctions on the Iranian Financial Sector Create De Facto Embargo with Lasting Implications for the Biden Administration Abigail Eineman IRAN WATCH REPORT John P. Caves III January 2021 1 Introduction During their confirmation hearings last week in the U.S. Senate, President Joe Biden's key national security nominees noted that the new administration was prepared to return to the nuclear accord with Iran, but warned that such a return would not be swift. First, Iran would have to resume compliance with the accord's nuclear restrictions in a verifiable manner, according to Secretary of State designate Antony Blinken, at which point the United States would resume compliance as well. President Biden’s choice for director of national intelligence, Avril Haines, estimated during her confirmation hearing that “we are a long ways from that.”1 Compliance for the United States would mean reversing at least part of the Trump administration's “maximum pressure” campaign—a set of overlapping trade and financial restrictions on almost every part of Iran's economy. The outgoing administration made such a reversal more challenging, particularly as a result of the sanctions imposed on Iran's financial sector in the administration's final months. On October 8, 2020, the United States designated Iran’s financial sector pursuant to Executive Order (E.O.) 13902 and sanctioned eighteen Iranian banks.2 In doing so, the U.S. Treasury Department applied secondary sanctions to Iran's entire financial sector for the first time, potentially barring foreign entities from the U.S. financial system should they do business with Iranian banks. -
June 2009 No.33, Volume 3
ran nvestment TURQUOISE Monthly June 2009 Volume 3, No 33 PARTNERS THIS MONTH Market Overview 2 In May, the Tehran Stock Exchange continued the previous month’s trend by carrying on moving upwards. Trade volumes also rose substantially from last month. This month, a 7% stake in Tejarat Bank was offered to the market. This section provides an analysis of the market and some of the main sectors. Turquoise Iran Equity Fund 4 The Turquoise Fund performed well in May, with its NAV gaining 4.7% in value. This section provides data and charts on the performance of the Fund. Country Overview 6 Iran’s 10th Presidential election which took place on 12th June will be discussed in this section. Economy 8 The high speed train contract between Iran and a German company, domestic fuel consumption in Iran, oil and gas [eld developments in Iran and the issuance of €1 billion of government bonds, will be covered in this section. Iran Investment Monthly is produced by Turquoise Partners, No. 17 East Gord Alley, Turquoise Partners. Distributed electroni- Bidar St., Fayyazi (Fereshteh) Ave. cally by exclusive subscription. Tel : +98 21 220 35 830 Fax : +98 21 220 49 260 Chief Editor: Ramin Rabii Email : [email protected] Consulting Editor: Eddie Kerman To nd out more about Turquoise Partners, Authors: Shervin Shahriari visit our website at: Ali Mashayekhi www.turquoisepartners.com. Entrance of the Baghe Melli ( National Garden ), Tehran Tehran Entrance of the Baghe Melli ( National Garden ), © 2009 All rights reserved Market Overview 2 In May, the bull run of the Tehran Stock Exchange (TSE) continued on from April. -
Department of the Treasury
DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 560 Iranian Transactions Regulations AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Final rule. ----------------- SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) is amending the Iranian Transactions Regulations in the Code of Federal Regulations to expand the scope of Appendix A to Part 560 to encompass any person determined by OFAC to be the Government of Iran, as that term is defined in those regulations. OFAC also is adding to the appendix 22 persons it has determined to be the Government of Iran. In addition, OFAC is updating the current list of entities in appendix A, removing an entity, and consolidating and amending other listings. Finally, OFAC is reformatting and republishing in alphabetical order the entire list of persons in the expanded appendix. DATES: Effective Date: [INSERT DATE OF FILING FOR PUBLIC INSPECTION]. FOR FURTHER INFORMATION CONTACT: Assistant Director for Compliance, Outreach & Implementation, tel.: 202/622–2490, Assistant Director for Licensing, tel.: 202/622-2480, Assistant Director for Policy, tel.: 202/622-4855, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202/622-2410, Office of the General Counsel, Department of the Treasury, Washington, DC 20220 (not toll free numbers). SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (www.treas.gov/ofac). Certain general information pertaining to OFAC’s sanctions programs also is available via facsimile through a 24-hour fax- on-demand service, tel.: 202/622–0077. -
Annual Report-2015
2 PARSIAN BANK | Financial Highlights 2015 2014 2013 A) Financial figures for the year $('000) Total income 2,730,233.37 2,488,763.88 1,982,475.96 Total incomes of Parsian financial group (consolidated) 7,831,854.61 4,171,085.88 3,639,416.77 Operating profit 34,830.64 244,312.85 322,284.49 Net profit - Profit after tax 34,830.64 191,404.66 284,507.22 B) Financial figures - year end Total assets 19,726,503.18 16,619,899.48 13,199,592.59 Total liabilities 18,733,834.43 15,571,761.70 12,220,424.63 Registered capital 471,529.61 471,529.61 471,529.61 Shareholders' equity 992,668.75 1,048,137.78 979,167.93 C) Return (%) Return on assets (1) 0.19 1.28 2.33 Return on equity (2) 3.41 18.88 30.70 D) Per share figures ($) Number of shares as at the date of AGM (million shares) 15,840 13,200 13,200 Primary earnings per share forecast 0.02 0.02 0.02 Final earnings per share forecast 0.01 0.02 0.02 Earnings per share (IRR) 62 622 603 Dividends per share (IRR) 6 250 400 Final price of share as at confirmation date of reports (3) 0.06 0.13 0.09 Book value per share 0.08 0.08 0.07 P/E 8.8 5.8 4.4 E) Other information Number of employees 4,486 4,477 4,492 1) Return on assets=Net profit to Average assets 2) Return on equity=Net profit to Average assets 3) Approval date of financial statements: June 29, 2015 PARSIAN BANK Shareholders’ Equity$('000) Net Profit$('000) 992,669 34,831 1,048,138 191,404 979,168 284,507 Growth in Recent Years | inRecentYears Growth 3 Total Income$('000) Total Total Assets $(' Total 19,726,503 2,730,233 16,619,899 2,488,764 13,199,593 -
Iran Chamber of Commerce,Industries and Mines Date : 2008/01/26 Page: 1
Iran Chamber Of Commerce,Industries And Mines Date : 2008/01/26 Page: 1 Activity type: Exports , State : Tehran Membership Id. No.: 11020060 Surname: LAHOUTI Name: MEHDI Head Office Address: .No. 4, Badamchi Alley, Before Galoubandak, W. 15th Khordad Ave, Tehran, Tehran PostCode: PoBox: 1191755161 Email Address: [email protected] Phone: 55623672 Mobile: Fax: Telex: Membership Id. No.: 11020741 Surname: DASHTI DARIAN Name: MORTEZA Head Office Address: .No. 114, After Sepid Morgh, Vavan Rd., Qom Old Rd, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 0229-2545671 Mobile: Fax: 0229-2546246 Telex: Membership Id. No.: 11021019 Surname: JOURABCHI Name: MAHMOUD Head Office Address: No. 64-65, Saray-e-Park, Kababiha Alley, Bazar, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 5639291 Mobile: Fax: 5611821 Telex: Membership Id. No.: 11021259 Surname: MEHRDADI GARGARI Name: EBRAHIM Head Office Address: 2nd Fl., No. 62 & 63, Rohani Now Sarai, Bazar, Tehran, Tehran PostCode: PoBox: 14611/15768 Email Address: [email protected] Phone: 55633085 Mobile: Fax: Telex: Membership Id. No.: 11022224 Surname: ZARAY Name: JAVAD Head Office Address: .2nd Fl., No. 20 , 21, Park Sarai., Kababiha Alley., Abbas Abad Bazar, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 5602486 Mobile: Fax: Telex: Iran Chamber Of Commerce,Industries And Mines Center (Computer Unit) Iran Chamber Of Commerce,Industries And Mines Date : 2008/01/26 Page: 2 Activity type: Exports , State : Tehran Membership Id. No.: 11023291 Surname: SABBER Name: AHMAD Head Office Address: No. 56 , Beside Saray-e-Khorram, Abbasabad Bazaar, Tehran, Tehran PostCode: PoBox: Email Address: Phone: 5631373 Mobile: Fax: Telex: Membership Id. No.: 11023731 Surname: HOSSEINJANI Name: EBRAHIM Head Office Address: .No.