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Sanctions Notice - Iran and Terrorist Financing

13th November 2014

Please be advised of the following change to sanctions listings related to Iran and to terrorist financing, which have immediate effect in the Bailiwick.  Measures which should be taken as a result are set out at the end of this notice.

 

IRAN

On 3 July 2014 the General Court of the European Union annulled the decision to include certain individuals and entities on the list of persons and entities subject to restrictive measures under Regulation (EU) No 267/2012.  One individual and 2 entities whose listings had been annulled have now been re-listed for the purposes of the asset freeze and other financial restrictions under Regulation (EU) No 267/2012 by Council Implementing Regulation (EU) No 1202/2014 of 7 November 2014. 

In addition, identifying information in respect of 4 listed entities has been amended. (Please note that one of these entities has an address in the Channel Islands).

These changes are automatically effective in the Bailiwick under the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012, the Iran  (Restrictive Measures) (Alderney) Ordinance, 2012 and the Iran (Restrictive Measures) (Sark) Ordinance, 2012.

 

RE-LISTINGs

The individual who has been re-listed is as follows:

Babak Zanjani

  • Date of birth: 12 March 1971

The entities who have been relisted are as follows:

Sorinet Commercial Trust Bankers Ltd. (SCT)

  • Also known as: SCT Bankers
  • SCT Bankers Kish Company (PJS)
  • SCT Bankers Company Branch
  • Sorinet Commercial Trust
  • Sorinet Commercial Trust Bankers, Sadaf Tower, 3rd Floor, Suite No. 301, Kish Island, Iran Sorinet Commercial Trust Bankers, No.1808, 18th Floor, Grosvenor House Commercial Tower, Sheikh Zayed Road, Dubai, UAE, P.O. Box 31988 Tehran branch: Reahi Aiiey, First of Karaj, Maksous Road 9, Tehran, Iran. SWIFT codes: SCERIRTH KSH (Kish Island branch), SCTSAEA1 (Dubai branch), SCERIRTH (Tehran branch)
  • Alternative address for Kish Island branch: Kish Banking Fin Activities Centre, No 42, 4th floor, VC25
  • Alternative addresses for Dubai branch: (1) SCT Bankers Kish Company (PJS), Head Office, Kish Island, Sadaf Tower, 3rd floor, Suite 301, P.O. Box 87.
  • (2) Sheykh Admad, Sheykh Zayed Road, 31988, Dubai, Port, Kish Island.
  • Tels: 09347695504 (Kish Island branch) 09347695504/97-143257022- 99 (Dubai branch) 09347695504 (Tehran branch)
  • Emails: [email protected] [email protected]

Sharif University of Technology

  • Azadi Ave/Street, PO Box 11365-11155, Tehran, Iran
  • Tel: +98 21 66 161
  • Email: [email protected]

 

AMENDED LISTINGS

Updated identifying information in respect of the 4 entities referred to above is as follows:
 
Sina Bank

Power Plants' Equipment Manufacturing Company (Saakhte Tajhizate Niroogahi)

  • No. 10, Jahanara Alley, after Hemmat Bridge, Abbaspour St. (previously called Tavanir), Tehran, Post Code 1435733161, Iran

Naftiran Intertrade Company

  • Also known as: Naftiran Trade Company) (NICO)
  • (a) 5th Floor, Petropars Building, No. 35 Farhang Boulevard, Snadat Abad Avenue, Tehran, Iran
  • Tel: +98 21 22372486; +98 21 22374681; +98 21 22374678;
  • Fax: +98 21 22374678; +98 21 22372481
  • Email: [email protected]
  • (b) Suite 17, Burlington House, St. Saviours Road, St. Helier, Jersey, UK
 Naftiran Intertrade Company Srl
  • Avenue de la Tour-Haldimand, 6, 1009 Pully, Switzerland
  • Tel: +41 21 3106565
  • Fax: +41 21 3106566/67/72
  • Email: [email protected]
 

TERRORIST FINANCING

On 7th November 2014 HM Treasury renewed final designations in respect of 3 entities made under the Terrorist Asset Freezing etc. Act 2010 for the purposes of an asset freeze and other financial restrictions. These designations have direct effect in the Bailiwick as designations under section 1 of the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law 2011. The relevant  entities are as follows:
 
EJERCITO DE LIBERACION NACIONAL (ELN)
Also known as: National Liberation Army
Other Information: Both UK listing and EU listing.
Group ID: 7364.
 
FUERZAS ARMADAS REVOLUCIONARIAS DE COLOMBIA
Also known as: (1) FARC
(2) Revolutionary Armed Forces of Colombia
Other Information: Both UK listing and EU listing.
Group ID: 7418.
 
SENDERO LUMINOSO (SL)
Also known as: Shining Path
Other Information: Both UK listing and EU listing.
Group ID: 7440.
 
 

MEASURES WHICH SHOULD BE TAKEN

All businesses must 
  • Check whether they maintain any accounts or otherwise hold any funds or economic resources for the persons referred to above or for any other person designated under the 2012 Ordinances or the 2011 Law, and treat any such accounts, funds or economic resources as frozen with immediate effect if this is not already the case
  • Report any findings to the Policy Council as soon as possible
  • Refrain from making any funds or economic resources available directly or indirectly to any designated person unless licensed by the Policy Council.
The information referred to above is required by the Policy Council in the exercise of its powers under the Schedule to each of the 2012  Ordinances and under section 18 of the 2011 Law.
 
Any information or queries should be sent to [email protected] with the subject line 'Iran/Terrorist Financing (as the case may be)  sanctions'.
 
Further information on the effect of  asset freezes and related issues including  licences is available on the States of Guernsey website at http://www.gov.gg/sanctions

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