Persia International Bank

Persia International Bank plc commenced trading in London on 29 April 2002, following the merger of the London branches of Bank Mellat and Bank Tejarat, which are joint shareholders in Persia International Bank.[1]

Sanctions and court actions

The United States Department of the Treasury mentioned Persia International in their 2008 watchlist of Iranian banks which may be trading in violation of UN Security Council Resolution 1803.[2]

On 6 September 2013, the European General Court in Luxembourg ruled to annul the European Union sanctions in place since 2010 against the bank on grounds of supporting the Iranian nuclear and missile programs, as EU governments had incorrectly assessed the facts and evidence.[3][4]

Notes

  1. ↑ "Profile History". Persia International Bank Plc.
  2. ↑ "Guidance to Financial Institutions on the Continuing Money Laundering Threat Involving Illicit Iranian Activity". The United States Department of the Treasury. March 20, 2008.
  3. ↑ James Kanter (6 September 2013). "E.U. Wrongly Imposed Sanctions on 7 Iranian Companies, Court Rules". New York Times. Retrieved 6 September 2013.
  4. ↑ "The General Court annuls the acts of the Council freezing the funds of seven companies and one person in connection with the restrictive measures taken against Iran with the aim of preventing nuclear proliferation" (PDF). General Court of the European Union. 6 September 2013. Press Release No 99/13. Retrieved 6 September 2013.

External links

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