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Friday, November 23, 2007

US Sanctions Against Iran - OFAC

This is from the OFAC Web site. This is important to Africa, because products shipped from African countries which origninated in Iran may be affected by these sanctions...

This is a significant abreviation of the information from the US Treasury Deprtament Office of Foregn Asset Control, and is therefore incomplete. Before any business action should be taken or stopped, we recommend that you coduct more complete research, begining with This site and then the OFAC site.

-Shimron

As a result of Iran's continued support for international terrorism and its aggressive actions against non-belligerent shipping in the Persian Gulf, President Reagan, on October 29, 1987, issued Executive Order 12613 imposing a new import embargo on Iranian- origin goods and services. Section 505 of the International Security and Development Cooperation Act of 1985 (ISDCA) was utilized as the statutory authority for the embargo which gave rise to the Iranian Transactions Regulations (Title 31 Part 560 of the U.S. Code of Federal Regulations).

Effective March 16, 1995, as a result of Iranian sponsorship of international terrorism and its active pursuit of weapons of mass destruction, President Clinton issued Executive Order 12957 prohibiting U.S. involvement with petroleum development in Iran. On May 6, 1995, he signed Executive Order 12959, pursuant to IEEPA as well as the ISDCA, substantially tightening sanctions against Iran.

Corporate criminal penalties for violations of the Iranian Transactions Regulations can range up to $500,000, with individual penalties of up to $250,000 and 10 years in jail. Civil penalties of up to $10,000 may also be imposed administratively.

This fact sheet provides general information about the Iranian sanctions program under the Iranian Transaction Regulations, which incorporate the new sanctions imposed by Executive Order 12957 and 12959. The sanctions are administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC").


.......U.S. banks may handle "U-turn" transactions--cover payments involving Iran that are by order of a third country bank for payment to another third country bank provided they do not directly credit or debit an Iranian account. They are also permitted to handle non-commercial family remittances involving Iran, provided the transfers are routed to or from non-U.S. non-Iranian offshore banks.

U.S. banks initiating or receiving payment orders involving Iran on behalf of customers must determine prior to processing such payments that they do not involve transactions prohibited by the Iranian Transactions Regulations.......


APPENDIX A - BANKS OWNED OR CONTROLLED BY THE GOVERNMENT OF IRAN

AGRICULTURAL COOPERATIVE BANK OF IRAN (a.k.a. BANK TAAVON KESHAVARZI IRAN), No. 129 Patrice Lumumba Street, Jalal-Al-Ahmad Expressway, P.O. Box 14155/6395, Tehran, Iran

AGRICULTURAL DEVELOPMENT BANK OF IRAN (a.k.a. BANK JOSIAIYI KESHAHVARZI), Farahzad Expressway, Tehran, Iran.

BANK JOSIAIYI KESHAHVARZI (a.k.a. AGRICULTURAL DEVELOPMENT BANK OF IRAN), Farahzad Expressway, Tehran, Iran.

BANK MARKAZI JOMHOURI ISLAMI IRAN (a.k.a. THE CENTRAL BANK OF IRAN), Ferdowsi Avenue, P.O. Box 11365-8551, Tehran, Iran.

BANK MASKAN (a.k.a. HOUSING BANK (of Iran)), Ferdowsi St., Tehran, Iran

BANK MELLAT, Park Shahr, Varzesh Avenue, P.O. Box 11365/5964, Tehran, Iran, and all offices worldwide, including, but not limited to:

BANK MELLAT (Branch), Ziya Gokalp Bulvari No. 12, Kizilay, Ankara, Turkey

BANK MELLAT (Branch), Binbir Cicek Sokak, Buyukdere Caddesi, P.O. Box 67, Levant, Istanbul, Turkey

BANK MELLAT (Branch), 48 Gresham Street, London EC2V 7AX, England

BANK MELLI, P.O. Box 11365-171, Ferdowsi Avenue, Tehran, Iran, and all offices worldwide, including, but not limited to:

BANK MELLI (Branch), 4 Moorgate, London EC2R 6AL, England

BANK MELLI (Branch), Schadowplatz 12, 4000 Dusseldorf 1, Germany

BANK MELLI (Branch), Friedenstrasse 4, P.O. Box 160 154, 6000 Frankfurt am Main, Germany

BANK MELLI (Branch), P.O. Box 112129, Holzbruecke 2, 2000 Hamburg 11, Germany

BANK MELLI (Branch), Odeonsplatz 18, 8000 Munich 22, Germany

BANK MELLI (Branch), 43 Avenue Montaigne, 75008 Paris, France

BANK MELLI (Branch), 601 Gloucester Tower, The Landmark, 11 Pedder Street, P.O. Box 720, Hong Kong

BANK MELLI (Representative Office), 333 New Tokyo Building, 3-1 Marunouchi, 3-chome, Chiyoda-ku, Tokyo, Japan

BANK MELLI (Agency), 818 Wilshire Boulevard, Los Angeles, California 90017, U.S.A

BANK MELLI (Agency), 767 Fifth Avenue, 44th Floor, New York, New York 10153, U.S.A

BANK MELLI (Representative Office), Smolensky Boulevard 22/14, Kv. S., Moscow, Russia

BANK MELLI (Branch), Flat No. 1, First Floor, 8 Al Sad El-Aaly, Dokki, P.O. Box 2654, Cairo, Egypt

BANK MELLI (Branch), Ben Yas Street, P.O. Box No. 1894, Riga Deira, Dubai, U.A.E.

BANK MELLI (Branch), P.O. Box 2656, Shaikha Maryam Building, Liwa Street, Abu Dhabi, U.A.E

BANK MELLI (Branch), B.P.O. Box 1888, Clock Tower, Industrial Road, Al-Ain Club Building in from Emertel Al Ain, Al Ain, Abu Dhabi, U.A.E.

BANK MELLI (Branch), P.O. Box 1894, Riqa, Ban Yas Street, Deira, Dubai, U.A.E.

BANK MELLI (Branch), Mohd-Habib Building, Al-Fahidi Street, P.O. Box 3093, Bur Dubai, Dubai, U.A.E.

BANK MELLI (Branch), P.O. Box 248, Fujairah, U.A.E.

BANK MELLI (Branch), Sami Sagar Building Oman Street Al-Nakheel, P.O. Box 5270, Ras-Al Khaimah, U.A.E.

BANK MELLI (Branch), P.O. Box 459, Al Bory Street, Sharjah, U.A.E.

BANK MELLI (Branch), P.O. Box 785, Government Road, Shaikh Mubarak Building, Manama, Bahrain.

BANK MELLI (Branch), P.O. Box 23309, Shaikh Salman Street, Road No. 1129, Muharraq 211, Bahrain.

BANK MELLI (Branch), P.O. Box 5643, Mossa Abdul Rehman Hassan Building, 238 Al Burj St., Ruwi, Muscat, Oman.

BANK OF INDUSTRY AND MINE (of Iran) (a.k.a. BANK SANAT VA MADAN), Hafez Avenue, P.O. Box 11365/4978, Tehran, Iran.

BANK REFAH KARGARAN (a.k.a. WORKERS WELFARE BANK (of Iran)), Moffettah No. 125, P.O. Box 15815 1866, Tehran, Iran.

BANK SADERAT IRAN, Bank Saderat Tower, P.O. Box 15745-631, Somayeh Street, Tehran, Iran, and all offices worldwide, including, but not limited to:

BANK SADERAT IRAN (Branch), Hamdam Street, Airport Road Intersection, P.O. Box 700, Abu Dhabi, U.A.E.

BANK SADERAT IRAN (Branch), Al-Am Road, P.O. Box 1140, Al Ein, Abu Dhabi, U.A.E.

BANK SADERAT IRAN (Branch), Liwara Street, P.O. Box 16, Ajman, U.A.E.

BANK SADERAT IRAN (Branch), 3rd Floor Dom Dasaf Building, Mejloka Street 7A, Ashkhabad, Turkmenistan.

BANK SADERAT IRAN (Branch), 25-29 Panepistimiou Street, P.O. Box 4308, GR-10210, Athens 10672, Greece.

BANK SADERAT IRAN (Branch), Imam Ali Street, Sahat Yaghi, Ras Elain-Alektisad Building 2nd Floor, Baalbeck, Lebanon.

BANK SADERAT IRAN (Branch and Offshore Banking Unit), 106 Government Road, P.O. Box 825, Manama Town 316, Bahrain.

BANK SADERAT IRAN (Branch), Hamra Pavillion Street, Savvagh and
Daaboul Building 1st Floor, P.O. Box 113-6717, Beirut, Lebanon .

BANK SADERAT IRAN (Branch), Alghobairi Boulevard, Beirut, Lebanon.

BANK SADERAT IRAN (Branch), 28 Sherif Street, P.O. Box 462, Cairo, Egypt.

BANK SADERAT IRAN (Branch), Old Ben-Ghanem Street (next to God Market), P.O. Box 2256, Doha, Qatar.

BANK SADERAT IRAN (Branch), Almaktoum Road, P.O. Box 4182, Deira, Dubai, U.A.E.

BANK SADERAT IRAN (Branch), Bazar Murshid, P.O. Box 4182, Deira, Dubai, U.A.E.

BANK SADERAT IRAN (Branch), Alfahid Road, P.O. Box 4182, Bur Dubai, Dubai, U.A.E.

BANK SADERAT IRAN (Branch), Sherea Shekikh Zayad Street, P.O. Box 55, Fujairah, U.A.E.

BANK SADERAT IRAN (Branch), Wilhelm Leuschner Strasse 41, P.O. Box 160151, W-6000 Frankfurt am Main, Germany.

BANK SADERAT IRAN (Branch), P.O. Box 112227, Hopfenhof Passage, Kleiner Bustah 6-10, W-2000 Hamburg 11, Germany.

BANK SADERAT IRAN (Branch), Lothbury, London EC2R 7HD, England .

BANK SADERAT IRAN (Representative Office), 707 Wilshire Boulevard, Suite 4880, Los Angeles, California 90017, U.S.A.

BANK SADERAT IRAN (Agency), 375 Park Avenue, New York, New York 10152, U.S.A.

BANK SADERAT IRAN (Branch), P.O. Box 4269, Mutrah, Muscat, Oman.

BANK SADERAT IRAN (Branch), 16 rue de la Paix, Paris 2eme, 75002 Paris, France.

BANK SADERAT IRAN (Branch), Alaroba Road, P.O. Box 316, Sharjah, U.A.E.

BANK SANAT VA MADAN (a.k.a. BANK OF INDUSTRY AND MINE (of Iran)), Hafez Avenue, P.O. Box 11365/4978, Tehran, Iran.

BANK SEPAH, Emam Khomeini Square, P.O. Box 11364, Tehran, Iran, and all office worldwide, including, but not limited to:

BANK SEPAH (Branch), Muenchener Strasse 49, P.O. Box 10 03 47, W- 6000 Frankfurt am Main 1, Germany.

BANK SEPAH (Branch), 5/7 Eastcheap, EC3M 1JT London, England.

BANK SEPAH (Branch), 650 Fifth Avenue, New York, New York 10019, U.S.A.

BANK SEPAH (Branch), 17 Place Vendome, 75001 Paris, France.

BANK SEPAH (Branch), Via Barberini 50, 00187 Rome, Italy.

BANK SEPAH (Representative Office), Ufficio di Rappresentan Za, Via Ugo Foscolo 1, 20121 Milan, Italy.

BANK TAAVON KESHAVARZI IRAN (a.k.a. AGRICULTURAL COOPERATIVE BANK OF IRAN) No. 129 Patrice Lumumba Street, Jalal-Al-Ahmad Expressway, P.O. Box 14155/6395,
Tehran, Iran.

BANK TEJARAT, 130 Taleghani Avenue, Nejatoullahie, P.O. Box 11365- 5416, Tehran, Iran, and all offices worldwide, including, but not limited to:

BANK TEJARAT (Branch), 6/8 Clements Lane, London EC4N 7AP, England.

BANK TEJARAT (Branch), 44 Avenue des Champs Elysees, 75008 Paris, France.

DEUTSCH-IRANISCHE HANDELSBANK AG (n.k.a. EUROPAEISCH-IRANISCHE HANDELSBANK AG) Depenau 2, W-2000 Hamburg 1, Germany, and all offices worldwide, including, but not limited to:

DEUTSCH-IRANISCHE HANDELSBANK AG (n.k.a. EUROPAEISCH-IRANISCHE HANDELSBANK AG) (Representative Office), 23 Argentine Square, Beihaghi Bulvard, P.O. Box 15815/1787, Tehran 15148, Iran.

EUROPAEISCH-IRANISCHE HANDELSBANK AG (f.k.a. DEUTSCH-IRANISCHE HANDELSBANK AG) Depenau 2, W-2000 Hamburg 1, Germany, and all offices worldwide, including, but not limited to:

EUROPAEISCH-IRANISCHE HANDELSBANK AG (f.k.a. DEUTSCH-IRANISCHE
HANDELSBANK AG) (Representative Office), 23 Argentine Square,
Beihaghi Bulvard, P.O. Box 15815/1787, Tehran 15148, Iran .

HOUSING BANK (of Iran) (a.k.a. BANK MASKAN), Ferdowsi St., Tehran,
Iran.

IRAN OVERSEAS INVESTMENT BANK LIMITED (f.k.a. IRAN OVERSEAS INVESTMENT CORPORATION LIMITED), 120 Moorgate, London EC2M 6TS, England, and all offices worldwide, including, but not limited to:

IRAN OVERSEAS INVESTMENT BANK LIMITED (Representative Office), 1137
Avenue Vali Asr off Park-e-SAll, P.O. Box 15115/531, Tehran, Iran.

IRAN OVERSEAS INVESTMENT BANK LIMITED (Agency), Suite 3c Olympia
House, 61/63 Dame Street, Dublin 2, Ireland.

IRAN OVERSEAS INVESTMENT BANK LIMITED (Agency), Improgetti, Via
Germanico 24, 00192 Rome, Italy.

IRAN OVERSEAS TRADING COMPANY LIMITED (Subsidiary), 120 Moorgate,
London EC2M 6TS, England.

IRAN OVERSEAS INVESTMENT CORPORATION LIMITED (n.k.a. IRAN OVERSEAS
INVESTMENT BANK LIMITED), 120 Moorgate, London EC2M 6TS, England.
THE CENTRAL BANK OF IRAN (a.k.a. BANK MARKAZI JOMHOURI ISLAMI IRAN), Ferdowsi Avenue, P.O. Box 11365-8551, Tehran, Iran.

WORKERS WELFARE BANK (of Iran) (a.k.a. BANK REFAH KARGARAN), Moffettah No. 125, P.O. Box 15815 1866, Tehran, Iran.

The Rest @ OFAC

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