Sanctions Notice - Iran

Please be advised that the following individuals/entities have been designated under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (the UK regulations):

Name	OFSI ID	Unique ID
Arian Bank	11169	INU0298
Bank Mellat	11166	INU0299
Bank Melli	10651	INU0300
BANK REFAH KARGARAN	11184	INU0301
BANK SADERAT IRAN	11185	INU0302
BANK TEJARAT	12459	INU0303
CEMENT INVESTMENT AND DEVELOPMENT COMPANY	11175	INU0304
TOSEE TAAVON BANK	12804	INU0305
Europaisch-Iranische Handelsbank AG	11512	INU0306
THE EXPORT DEVELOPMENT BANK OF IRAN	11189	INU0307
MELLI BANK PLC	10650	INU0308
Nuclear Fuel Production and Procurement Company	9107	INU0310
Research Institute of Nuclear Science & Technology	11217	INU0312
NAFTIRAN INTERTRADE COMPANY	12766	INU0315
NATIONAL IRANIAN DRILLING COMPANY	12750	INU0316
National Iranian Gas Company	12796	INU0317
NATIONAL IRANIAN OIL COMPANY	12741	INU0318
IRANIAN OFFSHORE ENGINEERING & CONSTRUCTION COMPANY	12256	INU0319
NATIONAL IRANIAN OIL COMPANY INTERNATIONAL AFFAIRS LIMITED	12743	INU0320
IRAN FUEL CONSERVATION ORGANIZATION	12745	INU0321
IRANIAN OIL PIPELINES AND TELECOMMUNICATIONS COMPANY	12832	INU0322
ONERBANK ZAO	11513	INU0323
MASJED-SOLEYMAN OIL & GAS COMPANY	12753	INU0324
AGHAJARI OIL & GAS PRODUCTION COMPANY	12755	INU0325
ARVANDAN OIL & GAS COMPANY	12756	INU0326
BANK OF INDUSTRY AND MINE	12803	INU0327
BANK MELLI PRINTING AND PUBLISHING COMPANY	11174	INU0328
EAST OIL & GAS PRODUCTION COMPANY	12758	INU0329
GACHSARAN OIL & GAS COMPANY	12754	INU0330
PETRO SUISSE INTERTRADE COMPANY SA	12823	INU0331
Kala Naft	11210	INU0332
PETROIRAN DEVELOPMENT COMPANY (PEDCO) LIMITED	12792	INU0333
PETROPARS IRAN COMPANY	12879	INU0334
MACHINE SAZI ARAK	11211	INU0335
PETROPARS RESOURCES ENGINEERING LLC	12882	INU0336
PERSIA INTERNATIONAL BANK PLC	11168	INU0339
Post Bank of Iran	11215	INU0340
SINA BANK	11186	INU0341
BANCO INTERNACIONAL DE DESARROLLO CA	11192	INU0342
First Islamic Investment Bank	12825	INU0343
Bonab Research Center	11947	INU0344
AZARAB INDUSTRIAL COMPANY	11165	INU0347
NATIONAL IRANIAN OIL COMPANY PTE LIMITED	12742	INU0348
NATIONAL IRANIAN OIL REFINING AND DISTRIBUTION COMPANY	12797	INU0349
NATIONAL IRANIAN TANKER COMPANY	12798	INU0351
NORTH DRILLING COMPANY	12748	INU0353
Mazandaran Cement Company	11178	INU0354
Melli Agrochemical Company PJS	11181	INU0355
PETROPARS UK LTD	12795	INU0357
SOUTH ZAGROS OIL & GAS PRODUCTION COMPANY	12751	INU0358
INDUSTRIAL DEVELOPMENT & RENOVATION ORGANIZATION OF IRAN	11197	INU0359
IRAN INSURANCE COMPANY	11202	INU0362
IRAN LIQUIFIED NATURAL GAS COMPANY	12764	INU0363
NATIONAL IRANIAN OIL COMPANY NEDERLAND	12807	INU0364
Future Bank	11177	INU0400
IRAN ALUMINIUM COMPANY	12818	INU0401
Nuclear Reactors Fuel Company	11545	INU0407
EMKA Company	11538	INU0409
GOOD LUCK SHIPPING LLC	12297	INU0410
Ministry of Energy of Iran	12739	INU0411
MINISTRY OF PETROLEUM	12740	INU0413
PETROPARS LTD	12793	INU0414
Naser Rastkhah	11939	INU0309
Said Esmail Khalilipour	9094	INU0313
Ali Akbar Salehi	10955	INU0314
Massoud AKHAVAN-FARD	11941	INU0337
Majid NAMJOO	12738	INU0338
Ali Reza KHANCHI	9095	INU0350
Reza AGHAZADEH	9087	INU0352
Hoseyn FAQIHIAN	9091	INU0356
Behzad SOLTANI	11940	INU0412

The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law).

The individuals/entities referred to above are subject to an asset freeze and will appear on the consolidated list, which can be found here.

MEASURES WHICH SHOULD BE TAKEN

All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the individuals/entities referred to above or to any other natural or legal person, entity or body designated under the legislation referred to above and must treat any funds, other assets or economic resources

• directly or indirectly belonging to, owned, held or controlled by them, whether wholly or jointly, or
• that comprise interest, dividends or other forms of property derived from any funds or economic resources that belong to them or are owned, held or controlled by them, whether directly or indirectly and wholly or jointly, or
• belonging to individuals or entities acting on their behalf or at their direction, whether wholly or jointly

as frozen with immediate effect if this is not already the case. Businesses must report any findings to the Policy & Resources Committee immediately. They must also ensure that they have taken all other steps that may be required in order to comply with the reporting obligations at section 14 of the Sanctions Law.

Businesses must also refrain from making any funds or economic resources available directly or indirectly, wholly or jointly, to or for the benefit of

• any designated person, entity or body
• any entity directly or indirectly owned or controlled by a designated person, entity or body, whether wholly or jointly
• any individuals or entities acting on behalf or at the direction of a designated person, entity or body, whether wholly or jointly

other than in respect of transactions that come within a permitted derogation as determined by the Policy & Resources Committee, or in accordance with a licence issued by the Policy & Resources Committee, as the case may be.

The information referred to above is required by the Policy & Resources Committee in the exercise of its powers under section 15 of the Sanctions Law.

Any information or queries should be sent to [email protected] with the subject line “Iran Regime”.

Where you have identified an affected relationship as set out above, please also inform the Guernsey Financial Services Commission via email to [email protected] providing short form information on the nature of the sanction connection and the measures you have taken or intend to take.

Handbook Rule 12.37, requires that, where you have identified an affected relationship as set out above, the firm must provide a report to the Commission which sets out, as a minimum: a) the name of the customer, beneficial owner, key principal or the transaction and/or asset linked to a sanctioned/designated person; and b) the nature of the business relationship or occasional transaction, including the transaction and/or asset value.

This report should be provided to the Commission as soon as reasonably practicable after the firm has met the statutory reporting requirements to the States of Guernsey Policy and Resources Committee.

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.