Council Implementing Regulation (EU) 2016/603 of 18 April 2016 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran

• CELEX: Implementing Regulation (EU) 2016/603
• Articles: 3

Article 1

Annex IX to Regulation (EU) No 267/2012 is amended as set out in the Annex to this Regulation.

Article 2

This Regulation shall enter into force on the date following that of its publication in the Official Journal of the European Union .

Schedules & Appendices

ANNEX

ANNEX

The following entry is inserted in part I.B of Annex IX to Regulation (EU) No 267/2012 until 22 October 2016:

I.   Persons and entities involved in nuclear or ballistic missile activities and persons and entities providing support to the Government of Iran.

B   Entities

Name

Identifying information

Reasons

Date of listing

‘7a.  ( *1 )

Bank Saderat Iran (including all branches) and subsidiaries:

Bank Saderat Tower, 43 Somayeh Ave, Tehran, Iran.

By handling letters of credit of Defence Industries Organisation (DIO) in March 2009, Bank Saderat violated the provisions of UNSCR 1737 which designated DIO and therefore required the freezing of its, and prohibited the making available to it of any, funds, financial assets and economic resources. By handling those letters of credit, Bank Saderat also assisted DIO in violating the prohibition contained in UNSCR 1747 on the procurement and the provision by Iran of any arms and related materiel.

(a)

Bank Saderat PLC (London)

5 Lothbury, London, EC2R 7 HD, UK

100 % owned subsidiary of Bank Saderat

( *1 )   In accordance with Council Implementing Regulation (EU) 2016/603, this entry shall apply until 22 October 2016.’