Excerpts from previous status reports, by subject
Removed on August 12, 2008
U.S. sanctions Iranian proliferators
In March 2008, the U.S. Department of the Treasury used Executive Order 13382 to sanction Bahrain’s Future Bank B.S.C for aiding Iran's nuclear and missile programs. According to Treasury, Future Bank was established in 2004 as a joint venture between a private Bahrain bank and Iran's Bank Melli and Bank Saderat, with which the U.N. Security Council recently advised countries to monitor transactions. Earlier, on October 25, 2007, the U.S. Departments of State and of the Treasury announced measures against 27 Iranian entities linked to proliferation and terrorism, notably two large Iranian banks and Iran’s Islamic Revolutionary Guard Corps (IRGC) and Ministry of Defense and Armed Forces Logistics (MODAFL), two of Iran’s leading military organizations. Of these 27 entities, five are key IRGC officials and three are officials at Iran’s Aerospace Industries Organization—all of whom have already been sanctioned by the Security Council. The United States also singled out nine companies affiliated with the IRGC and two Iranian banks that have conducted transactions on behalf of entities sanctioned by the Security Council. According to the U.S. government, Bank Melli has handled transactions in recent months for Bank Sepah, Defense Industries Organization and Shahid Hemmat Industrial Group—all of which are involved in Iran’s ballistic missile program. And Bank Mellat has provided banking services for key Iranian nuclear entities like the Atomic Energy Organization of Iran and Novin Energy Company.