Bank Sepah International Plc

Also Known As: 

BSIP

Weapon Program: 

  • Missile

Related Country: 

  • United Kingdom

Address: 

5/7 Eastcheap, London, EC3M 1JT, United Kingdom

Phone: 

44 20 76231371, 44 20 76231375

Fax: 

44 20 7623 1371, 44 20 7623 1221

E-Mail: 

info@banksepah.co.uk

Entity Web Site: 

www.banksepah.co.uk

Wholly-owned subsidiary of Bank Sepah, Iran, a large Iranian state-owned bank that has provided critical financial services to Iran's missile program; a United Kingdom (UK) incorporated bank specializing in finance and services for international trade with a focus on Iran and the Persian Gulf region.

Directors have included Mohammad Reza Fatemi, Gholam Reza Taheri, Mohammad Homayouni, Brian Constant, Roy England, David Swanney, and Ahmad Derakhshandeh.

Swift Bank Code for Bank Sepah International Plc in London is SEPB GB 2L; established on December 31, 2001; assumed the assets, liabilities and business of the London Branch of Bank Sepah, Iran, which had been in operation since 1972.

Sanctions

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions; also subject to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States.

Previously added to the SDN list on January 9, 2007, pursuant to Executive Order 13382; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action.

Designated by the U.N. Security Council on March 24, 2007, pursuant to resolution 1737 (2006), as an entity involved in Iran’s proliferation sensitive nuclear activities or development of nuclear weapon delivery systems; U.N. sanctions removed on January 17, 2016 following a delisting request.

Listed by the European Union on April 20, 2007, as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; removed from the E.U. list on January 23, 2016.

Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement, but removed in 2017 after the U.K. withdrew its Iran list.

Mentioned Suspect Entities & Suppliers: 

Date Entered: 

June 15, 2007

Date Last Modified: 

December 10, 2018