Designated by the U.S. Department of the Treasury (on April 11, 2013) pursuant to Executive Order 13382, which targets weapons of mass destruction proliferators and their supporters; removed from the U.S. Specially Designated Nationals (SDN) list in January 2016 as part of the Joint Comprehensive Plan of Actiondesignated by the European Union (on December 22, 2012) for providing financial support to the government of Iran; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action; part of the Sorinet Group; owned and operated by Babak Zanjani; used to channel Iranian oil-related payments; provides financial and other support to the national Iranian Oil Company (NIOC) and Naftiran Intertrade Company Ltd. (NICO).