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Financial Sanctions Iran 5 March 2008

This news release is issued in respect of the financial measures taken against Iran.

The Treasury advises that on 3 March 2008 the United Nations Security Council adopted Resolution 1803 (2008), in relation to Iran ("the new Resolution").

Among other measures, the new Resolution:

1. Adds further individuals and entities to the list of designated persons

Financial institutions and other bodies and persons in the Island must check whether they maintain any accounts or otherwise hold any funds or economic resources for designated persons and, if so, they should freeze the accounts and report the accounts, economic resources or other funds and amounts frozen to the Sanctions Officer.

2. Calls on all states to exercise vigilance over the activities of financial institutions in their territories with all banks domiciled in Iran and their branches and subsidiaries abroad

This is due to the heightened risk that transactions involving these banks, in particular Bank Melli and Bank Saderat, and their branches and subsidiaries abroad, might relate to proliferation-sensitive nuclear activities or the development of nuclear weapon delivery systems.

The new resolution comes after the statements issued by the Financial Action Task Force (FATF) on 28 February 2008 and 11 October 2007 calling on FATF member states to advise their financial institutions to take the risk arising from deficiencies in Iran's anti-money laundering and counter-terrorist financing regime into account for enhanced due diligence.

All Island businesses within the financial sector should be aware of the deficiencies in Iran's anti-money laundering and counter-terrorist financing regime and should continue to consider applying increased scrutiny and due diligence to transactions associated with Iran, in particular with all banks domiciled in Iran and their branches and subsidiaries abroad.

Further details on additions to the list of designated persons

Paragraph 7 of the new Resolution applies the measures in paragraphs 12, 13, 14 and 15 of Resolution 1737 (2006) (the financial sanctions and various exemptions) to:

  • additional persons and entities listed in Annexes I and III to the new Resolution,
  • any persons or entities acting on their behalf or at their direction,
  • entities owned or controlled by them,
  • persons and entities determined by the Security Council or by the competent Sanctions Committee to have assisted designated persons or entities in evading sanctions of, or in violating the provisions of, the new Resolution, Resolutions 1737 (2006) or Resolution 1747 (2007).

Annexes I and III of the new Resolution include a number of the individuals and entities previously listed by the European Union in Annex V to Council Regulation (EC) No 423/2007 ("the Regulation"). The Regulation implements Resolution 1737 (2006) at Community level and is applicable in the Island [The European Communities (Iran Sanctions) (Application) Order 2007]. The Regulation provides for the Council to identify persons, not designated by the United Nations Security Council or by the Sanctions Committee, as subject to the financial sanctions imposed by the Regulation. Such persons are listed in Annex V to the Regulation.

For ease of reference the persons and entities in Annexes I and III to the new Resolution ("designated persons") are listed in this News Release. The list is split into two parts to distinguish between those targets added by the United Nations to the new Resolution not previously listed by the European Union in Council Regulation (EC) No 423/2007 and those previously listed.

Assets of designated persons must be frozen and it is prohibited to make funds or economic resources, directly or indirectly, available to designated persons. The Treasury can grant licences to allow for exemptions to these prohibited activities. Requests for licences can be made to the Sanctions Officer.

Certain licence requests must be notified to and/or approved by the relevant Sanctions Committee of the Security Council before a licence can be requested.

Targets identified in Annexes I and III of UNSCR 1803 not listed by the European Union in Annex V to Council Regulation (EC) No 423/2007

Individuals

ASHTIANI, Abbas, Rezaee

Position: Senior official at the AEOI Office of Exploration and Mining Affairs

ESLAMI, Mohammad

Title: Dr

Position: Head of Defence Industries Training and Research Institute

NAQDI, Mohammad, Reza

Title: Brigadier-General

Position: Head of State Anti-Smuggling Headquarters

Other Information: Former Deputy Chief of Armed Forces General Staff for Logistics and Industrial Research. Engaged in efforts to get around the sanctions imposed by resolutions 1737 (2006) and 1747 (2007).

SOLEYMANI, Ghasem

Position: Director of Uranium Mining Operations at the Saghand Uranium Mine

Entities

ABZAR BORESH KAVEH CO. (BK CO.)

Other Information: Involved in the production of centrifuge components

BARZAGANI TEJARAT TAVANMAD SACCAL COMPANIES

Other Information: Subsidiary of Saccal System companies. Tried to purchase sensitive goods for an entity listed in resolution 1737 (2006).

ELECTRO SANAM COMPANY (E.S. CO./E.X. CO.)

Other Information: AIO front-company, involved in the ballistic missile programme.

ETTEHAD TECHNICAL GROUP

Other Information: AIO front company, involved in the ballistic missile programme.

INDUSTRIAL FACTORIES OF PRECISION MACHINERY

a.k.a.:

  1. IFP
  2. Instrumentation Factories Plant

Other Information: Used by AIO for some acquisition attempts.

JOZA INDUSTRIAL CO.

Other Information: AIO front company, involved in the ballistic missile programme.

KHORASAN METALLURGY INDUSTRIES

Other Information: Subsidiary of the Ammunition Industries Group (AMIG) which depends on DIO. Involved in the production of centrifuges components.

NIRU BATTERY MANUFACTURING COMPANY

Other Information: Subsidiary of the DIO. Manufacures power units for the Iranian military including missile systems.

PISHGAM (PIONEER) ENERGY INDUSTRIES

Other Information: Participated in the construction of Uranium Conversion Facility at Esfahan.

SAFETY EQUIPMENT PROCUREMENT

a.k.a.: SEP

Other Information: AIO front company, involved in the ballistic missile programme.

Targets identified in Annexes I and III of UNSCR 1803 previously listed by the European Union in Annex V to Council Regulation (EC) No 423/2007

The following sets out the details listed by the European Union. Any additional information provided by the United Nations is shown in italics.

Individuals

ALAI, Amir, Moayyed

Other Information: Involved in managing the assembly and engineering of centrifuges.

ASHIANI, Mohammed, Fedai

a.k.a.: ASHIANI, Mohammad, Fedai

Other Information: Involved in the production of ammonimum uranyl carbonate and the management of the Natanz enrichment complex. The aka Mohammad Fedai Ashiani is listed by the UN as the prime alias.

BAKHTIAR, Haleh

Other Information: Involved in the production of magnesium at a concentration of 99.9%.

BEHZAD, Morteza

Other Information: Involved in making centrifuge components.

HUSSEINI, Seyyed, Hussein

a.k.a.:

  1. HOSSEINI, Seyyed, Hossein
  2. HOSSEINI, Seyyed, Hussein
  3. HUSSEINI, Seyyed, Hossein

Position: AEOI official

Other Information: Involved in the heavy water research reactor (IR40) project at Arak. The aka Seyyed Hussein Hosseini is listed by the UN as the prime alias.

KARIMI SABET, Javad

a.k.a.: KARIMI SABET, M, Javad

Position: Head of the Novin Energy Company.

Other Information: The aka M Javad Karimi Sabet is listed by the UN as the prime alias.

MOHAJERANI, Hamid-Reza

Other Information: Involved in production management at the Uranium Conversion Facility at Esfahan.

NOBARI, Houshang

Other Information: Involved in the management of the Natanz enrichment complex.

RASHIDI, Abbas

Other Information: Involved in enrichment work at Natanz

Entities

JABER IBN HAYAN

a.k.a.: JABBER IBN HAYAN

Address:

  1. 84, 20th Avenue, Entehaye Karegar Shomali, Street, Tehran, Iran
  2. AEOI JIHRD, PO Box 11365-8486, Tehran, Iran

Other Information: Laboratory of the AEOI involved in fuel cycle activities. The aka Jabber Ibn Hayan is listed by the UN as the prime alias.

TAMAS COMPANY

Other Information: Involved in enrichment-related activities. TAMAS is the overarching body, under which four subsidiaries have been established, including one for uranium extraction to concentration and another in charge of uranium processing, enrichment and waste.

Further details of the sanctions regime related to Iran and links to the consolidated list of individuals and entities subject to these and other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

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