DOCSLIB.ORG

Iran: State of the Art and Future Perspectives After the Reintroduction of All the Us Sanctions Against Iran

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Iran: State of the Art and Future Perspectives After the Reintroduction of All the Us Sanctions Against Iran IRAN: STATE OF THE ART AND FUTURE PERSPECTIVES AFTER THE REINTRODUCTION OF ALL THE US SANCTIONS AGAINST IRAN AVV. MARCO PADOVAN AVV. MARCO ZINZANI Operating (or not) with Iran after the reintroduction of the second round of sanctions by the US Government Bologna, 9 November 2018 Sanctions against Iran between 16 January 2016 and 8 May 2018 - Free supply/export towards any Iranian person, entity or body or for the use in Iran - Prohibition for US persons to engage in transactions with Iran and with the of all goods, except for: Government of Iran except for operations conducted under an ad hoc or general authorisation; • those indicated in (EU) Regulation No. 267/2012; - General authorisations for, inter alia, medical devices (General License medical • specific goods which may be used with the purpose of internal devices); export of commercial passenger aircraft; import of Persian carpets and repression and control of telecommunication (EU Regulation foodstuff of Iranian origin, including pistachios and caviar. General License H No.359/2011); enabled non-US entities owned or controlled by a US person to establish trade relationships with Iran; • armaments (EU embargo in force until the Transition Day); - Designation of Iranian persons/entities suspected of committing human rights • the provision to designated persons/entities. violations, terrorism and engaged in missile proliferation; - Transactions with non-designated Iranian persons are allowed, as well as opening of - Prohibition for non-US financial institution to clear transactions in dollars new branches, subsidiaries or representative offices of non-designated Iranian connected with Iran through US financial institutions; banks, use of SWIFT services; provision of financial assistance services for - Secondary sanctions which may be imposed to non-US persons engaged in importing/exporting with Iran and with the Iranian Government, in compliance with transations with Iranian persons on the List of Specially Designated Nationals and the requirements on financial assistance in connection with the goods indicated in Blocked Persons (‘SDN List’) of the Office of Foreign Assets Control (‘OFAC’) - US Regulations 267/2012 and 359/2011. Department of Treasury; - Re-exporting to Iran of goods of US origin, classified as EAR99, allowed only at certain conditions («general inventory» rule); - ‘Ordinary’ US export control limitations ( ‘de minimis’rule: 10% threshold); - According to some US States Laws: restrictions to government procurement and to state investments in companies doing business with Iran. 2 Iran: Trump’s statement on 8 May 2018 3 When is the US legal framework applicable? ➢ In general, US law may apply because of one of the conditions indicated below: ✓ One of the entities involved in the export operation qualifies as a US-Person: The term United States person or U.S. person means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States ✓ The product to be exported is of US origin or contains parts or components of US origin; ✓ The conditions for the applicability of secondary sanctions (i.e. sanctions having extraterritorial application) are fullfilled, therefore also in cases where conditions sub (i) and (ii) are not met. 4 US sanctions reintroduced on 7 August 2018 | EO 13846 ➢ Sanctions on the purchase or acquisition of US dollar banknotes by the Government of Iran; ➢ Sanctions on Iran’s trade in gold or precious metals; ➢ Sanctions on the direct or indirect sale, supply, or transfer to or from Iran of graphite, raw, or semi-finished metals such as aluminum and steel, coal, and software for integrating industrial processes; ➢ Sanctions on significant transactions related to the purchase or sale of Iranian rials, or the maintenance of significant funds or accounts outside the territory of Iran denominated in the Iranian rial; ➢ Sanctions on the purchase, subscription to, or facilitation of the issuance of Iranian sovereign debt; and ➢ Sanctions on Iran’s automotive sector. 5 Focus: US sanctions on Iran automotive sector - EO 13846 ➢ Correspondent and Payable-Through Account Sanctions, provided for in section 2(a)(i) EO 13846 and applicable to financial institutions which have knowingly conducted or facilitated any «significant» financial transaction, on or after August 7, for the sale, supply or transfer to Iran of significant goods or services used in connection with the automotive sector of Iran; ➢ Menu-based Sanctions, provided for in section 3(a)(i) EO 13846, applicable to persons who, on or after August 7, 2018, knowingly engaged in a «significant» transaction for the sale, supply, or transfer to Iran of significant goods or services used in connection with the automotive sector of Iran. 6 The notion of ‘significant transaction’ See: OFAC FAQ 289: The Department of the Treasury may consider the totality of the facts and circumstances set forth a list of broad factors that can play a role in the determination whether transactions, financial services, and financial transactions are significant, including: a) the size, number, and frequency of the transactions, financial services, or financial transactions; b) the nature of the transactions, financial services, or financial transactions, including their type, complexity, and commercial purpose; c) the level of awareness of management and whether the transactions are part of a pattern of conduct; d) the nexus of the transactions, financial services, and financial transactions and blocked persons; e) the impact of the transactions, financial services, and financial transactions on statutory objectives; f) whether the transactions, financial services, and financial transactions involve deceptive practices; g) whether the transactions solely involve the passive holdings of Central Bank of Iran (CBI) reserves or repayment by the CBI of official development assistance or the transfer of funds required as a condition of Iran’s membership in an international financial institution; and h) other relevant factors that the Secretary of the Treasury deems relevant. We anticipate adopting a similar approach to interpreting the term “significant” as it applies to goods or service 7 Revocation of General License H ➢ On 27 June 2018 «General License H» - GL H (issued by OFAC on 16 January 2016 and which authorised US owned or controlled foreign entities) was revoked; ➢ 27 June 2018 - 5 November 2018: Wind-down General License; ➢ On and after 5 November: prohibition for U.S. owned or controlled foreign entity to operate with Iran; ➢ Definition of US owned or controlled foreign entity: an entity is “owned or controlled” by a United States person if the United States person: (i) Holds a 50 percent or greater equity interest by vote or value in the entity; (ii) Holds a majority of seats on the board of directors of the entity; or (iii) Otherwise controls the actions, policies, or personnel decisions of the entity. 8 US sanctions reintroduced on 5 November 2018 ➢ Sanctions on Iran’s port operators, and shipping and shipbuilding sectors, including on the Islamic Republic of Iran Shipping Lines (IRISL), South Shipping Line Iran, or their affiliates; ➢ Sanctions on petroleum-related transactions with, among others, the National Iranian Oil Company (NIOC), Naftiran Intertrade Company (NICO), and National Iranian Tanker Company (NITC), including the purchase of petroleum, petroleum products, or petrochemical products from Iran; ➢ Sanctions on transactions by foreign financial institutions with the Central Bank of Iran and designated Iranian financial institutions under Section 1245 of the National Defense Authorization Act for Fiscal Year 2012 (NDAA); ➢ Sanctions on the provision of specialized financial messaging services to the Central Bank of Iran and certain Iranian financial institutions; ➢ Sanctions on the provision of underwriting services, insurance, or reinsurance; and ➢ Sanctions on Iran’s energy sector. 9 Focus: US sanctions on the energy sector – Iran Sanctions Act It is prohibited to order, sell, lease, or provide to Iran : ➢ goods, services, technology, or support in the Oil & Gas sector that has a fair market value of $1,000,000 or more or that, during a 12-month period, has an aggregate fair market value of $5,000,000 or more, and; ➢ goods, services, technology, or support in the petrochemical sector that has a fair market value of $250,000 or more or that, during a 12-month period, has an aggregate fair market value of $1,000,000 or more. 10 The relevant wind-down periods In the sectors affected by US sanctions 11 The designation of Iranian persons ➢ Update of the blacklists: the persons listed according to EO 13599 have been moved to the Specially Designated Nationals And Blocked Persons List (SDN List). In total, the persons/entities designated on 5 November are about 700. 300 are ‘new’ designations, not previously designated under EO 13599; ➢ As a result of the so-called ‘50 percent rule’, entities owned 50 percent or more in the aggregate, by one or more blocked persons, are considered blocked regardless of whether such entities appear on OFAC’s Specially Designated Nationals and Blocked Persons List; ➢ SDN-designated Iranian persons are divided into: Subject to Secondary Sanctions or Not Subject to Secondary Sanctions, depending on whether or not they are subject to extraterritorial sanctions. 12 Listing of almost all Iranian banks * * Please note: The
Load more

Recommended publications
  • Iran Sanctions
    Iran Sanctions Updated October 29, 2018 Congressional Research Service https://crsreports.congress.gov RS20871 {222A0E69-13A2-4985-84AE-73CC3D FF4D02}- RS-048044163098222232140238255021054168155246022026112079081144080116141042000141076242222124196162214089179213131247242198067057058070197232223159149235082053167227015117047146049185221227214157147041229233230070250208206233104195087061084080 Iran Sanctions Summary U.S. sanctions have had a substantial effect on Iran’s economy and on some major strategic decisions, but little or no effect on Iran’s regional malign activities. During 2012-2015, when the global community was relatively united in pressuring Iran, Iran’s economy shrank by 9% per year, crude oil exports fell from about 2.5 million barrels per day (mbd) to about 1.1 mbd, and Iran was unable to repatriate more than $120 billion in reserves held in banks abroad. The 2015 multilateral nuclear accord (Joint Comprehensive Plan of Action, or JCPOA) provided Iran broad relief from the international and U.S. secondary sanctions as the U.S. Administration waived relevant sanctions, revoked relevant executive orders (E.O.s), and corresponding U.N. and EU sanctions were lifted. Remaining in place were a general ban on U.S. trade with Iran and sanctions imposed on Iran’s support for regional governments and armed factions, its human rights abuses, its efforts to acquire missile and advanced conventional weapons capabilities, and the Islamic Revolutionary Guard Corps (IRGC). Some additional sanctions on these entities and activities were made mandatory by the Countering America’s Adversaries through Sanctions Act (CAATSA, P.L. 115-44), which also increases sanctions on Russia and North Korea. Under U.N. Security Council Resolution 2231, nonbinding U.N. restrictions on Iran’s development of nuclear-capable ballistic missiles and a binding ban on its importation or exportation of arms remain in place for several years.
    [Show full text]
  • Council Regulation (EU) No 1154/2013
    16.11.2013 EN Official Journal of the European Union L 306/3 COUNCIL IMPLEMENTING REGULATION (EU) No 1154/2013 of 15 November 2013 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran THE COUNCIL OF THE EUROPEAN UNION, and Iranian Offshore Engineering & Construction Co. should be included again on the list of persons and entities subject to restrictive measures set out in Annex IX to Regulation (EU) No 267/2012, on the basis of new statements of reasons concerning each of them. Having regard to the Treaty on the Functioning of the European Union, Having regard to Council Regulation (EU) No 267/2012 of (4) An additional entity should be included in the list of 23 March 2012 concerning restrictive measures against persons and entities subject to restrictive measures set Iran ( 1 ), and in particular Article 46(2) thereof, out in Annex IX to Regulation (EU) No 267/2012, the identifying information in relation to another entity should be amended. Whereas: (1) On 23 March 2012, the Council adopted Regulation (EU) (5) Following the judgment of the General Court in Case No 267/2012. T-421/11 ( 10 ), Qualitest FZE is not included in the list of persons and entities subject to restrictive measures set out in Annex IX to Regulation (EU) No 267/2012. (2) By its judgments of 6 September 2013 in Cases T-493/10 ( 2), T-4/11 and T-5/11 ( 3 ), T-12/11 ( 4), T-13/11 ( 5), T-24/11 ( 6), T-42/12 and 181/12 ( 7), T-57/12 ( 8) and T-110/12 ( 9 ), the General Court of the European Union annulled the Council’s decisions to (6) In order to ensure that the measures provided for in this include Persia International Bank plc, Export Devel­ Regulation are effective, it should enter into force on the opment Bank of Iran, Iran Insurance Company, Post day of its publication, Bank Iran, Bank Refah Kargaran, Naser Bateni, Good Luck Shipping LLC and Iranian Offshore Engineering & Construction Co.
    [Show full text]
  • Federal Register/Vol. 83, No. 221/Thursday, November 15, 2018
    Federal Register / Vol. 83, No. 221 / Thursday, November 15, 2018 / Notices 57529 (dba Ameron Missouri) for use as sub- placed on OFAC’s Specially Designated Street 8th, Ghaem Magham Farahari Ave., station. On October 22, 2018, the FAA Nationals and Blocked Persons List (the Tehran 1586868513, Iran; website determined that the request to release ‘‘SDN List’’) based on OFAC’s www.calcimin.com; Additional Sanctions property at the St. Louis Lambert determination that one or more Information—Subject to Secondary Sanctions [SDGT] [IFSR] (Linked To: IRAN ZINC International Airport (STL) submitted applicable legal criteria were satisfied. MINES DEVELOPMENT COMPANY). by the Sponsor meets the procedural All property and interests in property Designated pursuant to section 1(c) of E.O. requirements of the Federal Aviation subject to U.S. jurisdiction of these 13224 for being owned or controlled by IRAN Administration and the release of the persons are blocked, and U.S. persons ZINC MINES DEVELOPMENT COMPANY, a property does not and will not impact are generally prohibited from engaging person determined to be subject to E.O. future aviation needs at the airport. The in transactions with them. 13224. 4. QESHM ZINC SMELTING AND FAA may approve the request, in whole DATES: See SUPPLEMENTARY INFORMATION or in part, no sooner than thirty days REDUCTION COMPANY (a.k.a. QESHM section for applicable date(s). ZINC SMELTING AND REDUCTION after the publication of this Notice. FOR FURTHER INFORMATION CONTACT: COMPLEX), 20 Km Dargahan-to-Loft Road, The following is a brief overview of OFAC: Associate Director for Global Qeshm Island, Hormozgan, Iran; website the request: Targeting, tel.: 202–622–2420; Assistant www.gzsc.ir; Additional Sanctions St.
    [Show full text]
  • 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.
    [Show full text]
  • Bank Melli Iran :: History
    Bank Melli Iran :: History http://www.bmi.ir/En/BMIHistory.aspx?smnuid=10011 | (http://bmi.ir) ر (/ar/Default.aspx) | H me (/En/Default.aspx) About Us () Services () Correspondent Banking () Thursday, (/En/Default.aspx) News (http://www.bmi.ir/En/news.aspx?smnuid=10080) Regulations () A ugust 04, 2016 Units () CONCISE HISTORY OF BANK MELLI IRAN IN THE NAME OF GOD The year 1307(1928) should be regarded as a turning point in Iran's banking and economic history. It was in that year that after nearly 40 years of foreign dominance on the country's banking scene, BankMelli Iran, the first Iranian commercial bank was established and the long cherished aspiration of the Iranian nation turned into reality . With the establishment of Bank Melli Iran and consequential suspension of foreign banks licences, the then disorderly economic trend of the country was reversed and the newly founded bank began to gather momentum in strengthening of the economic structure and development of agriculture, industry and commerce by mobilizing the huge financial resources and popular savings and by chanelling credits toward productive activities. During the 85 year period ensuing the foundation of Bank Melli Iran the country has witnessed a great deal of changes and turnarounds. Bank Melli Iran which had been founded as a result of an economic exigency, developed at later stages into an active and dynamic element assuming an accelerating role in the country’s economic advancement. In the year 1310(1931) parliament granted sole powers to Bank Melli Iran to issue banknotes, thus establishing the bank as the country’s bank of issue.
    [Show full text]
  • Banking in the Middle East
    Banking in the Middle East Anwar All* ODERN BANKING in the Middle East dates from the second M half of the last century. The Ottoman Bank in Turkey, estab- lished in 1863, is, perhaps, the oldest modern banking institution in the area. Banking has made slow but steady progress ever since, the progress depending upon the pace of economic development in various countries and of the transition from predominantly barter to semi- market economies. More recently, with the emphasis placed on eco- nomic development in a number of countries, there have been definite efforts to extend banking services and diversify banking institutions. However, the improvement has by no means been uniform. In some countries, for example, a nomadic way of life still survives, and there is no regularly organized banking system or paper currency. Thus, while progress in recent years has been steady, the banking structure of the Middle East still reflects, on the whole, the economic backwardness of the area and the limitations of domestic banking. Various causes have retarded progress in the development of banking. The basic cause has been the primitive, underdeveloped, and, until com- paratively recently, the almost self-contained nature of the economy in many countries of the region. Nearly 80 per cent of the people live upon agriculture and practice primitive methods of cultivation that yield extremely low crops.1 Much of the agricultural produce does not enter the market but is consumed by the producers or bartered for services and other necessities. The monetization of the economy is thus, in varying degrees, incomplete.2 The majority of the countries export primary commodities and are dependent upon imports for most of the finished consumer goods that they need.
    [Show full text]
  • The General Court Annuls the Acts of the Council Freezing The
    General Court of the European Union PRESS RELEASE No 99/13 Luxembourg, 6 September 2013 Judgments in Joined Cases T-35/10 and T-7/11 Bank Melli Iran; Case T-493/10 Persia International Bank plc; Joined Cases T-4/11 and T-5/11 Export Development Bank of Iran; Case T-12/11 Iran Insurance Company; Case T-13/11 Post Bank Iran; Case T-24/11 Bank Refah Kargaran; Case T-434/11 Europäisch-Iranische Handelsbank AG; Joined Cases T-42/12 and T-181/12 Naser Bateni; Case T-57/12 Good Luck Shipping, and Press and Information Case T-110/12 Iranian Offshore Engineering & Construction Co. v Council The General Court annuls the acts of the Council freezing the funds of seven companies and one person in connection with the restrictive measures taken against Iran with the aim of preventing nuclear proliferation Bank Melli Iran and Europäisch-Iranische Handelsbank remain on the list of those whose funds are frozen In order to apply pressure on Iran to end its proliferation-sensitive nuclear activities and the development of nuclear weapon delivery systems, the Council of the European Union adopted decisions and regulations freezing the funds of persons and entities identified by the Council as being involved in nuclear proliferation. The persons and entities concerned are named in a list annexed to each of those regulations, together with a statement of the Council’s reasons for including each person or entity. The persons and entities in the cases before the Court had been designated by decisions of the Council as having been involved in Iran’s nuclear programme, and their names were therefore listed in the annexes to the regulations providing for the funds of such persons to be frozen.
    [Show full text]
  • Federal Register/Vol. 85, No. 63/Wednesday, April 1, 2020/Notices
    18334 Federal Register / Vol. 85, No. 63 / Wednesday, April 1, 2020 / Notices DEPARTMENT OF THE TREASURY a.k.a. CHAGHAZARDY, MohammadKazem); Subject to Secondary Sanctions; Gender DOB 21 Jan 1962; nationality Iran; Additional Male; Passport D9016371 (Iran) (individual) Office of Foreign Assets Control Sanctions Information—Subject to Secondary [IRAN]. Sanctions; Gender Male (individual) Identified as meeting the definition of the Notice of OFAC Sanctions Actions [NPWMD] [IFSR] (Linked To: BANK SEPAH). term Government of Iran as set forth in Designated pursuant to section 1(a)(iv) of section 7(d) of E.O. 13599 and section AGENCY: Office of Foreign Assets E.O. 13382 for acting or purporting to act for 560.304 of the ITSR, 31 CFR part 560. Control, Treasury. or on behalf of, directly or indirectly, BANK 11. SAEEDI, Mohammed; DOB 22 Nov ACTION: Notice. SEPAH, a person whose property and 1962; Additional Sanctions Information— interests in property are blocked pursuant to Subject to Secondary Sanctions; Gender SUMMARY: The U.S. Department of the E.O. 13382. Male; Passport W40899252 (Iran) (individual) Treasury’s Office of Foreign Assets 3. KHALILI, Jamshid; DOB 23 Sep 1957; [IRAN]. Control (OFAC) is publishing the names Additional Sanctions Information—Subject Identified as meeting the definition of the of one or more persons that have been to Secondary Sanctions; Gender Male; term Government of Iran as set forth in Passport Y28308325 (Iran) (individual) section 7(d) of E.O. 13599 and section placed on OFAC’s Specially Designated [IRAN]. 560.304 of the ITSR, 31 CFR part 560. Nationals and Blocked Persons List Identified as meeting the definition of the 12.
    [Show full text]
  • 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.
    [Show full text]
  • 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,
    [Show full text]
  • 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.
    [Show full text]
  • 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].
    [Show full text]