Industry and mining bank
Sanat va Madan Bank ( Persian بانک صنعت و معدن, "Bank for Industry and Mining ", engl. Bank for Industry and Mine ) is an Iranian state-owned banking institution based in Tehran , Iran . It was founded in 1959. The task is to support the economic development and progress of Iranian industry and mining.
Holdings
The bank has a 52% stake in the Hamburger Bank Europäische-Iranische Handelsbank (EIHB).
Sanctions
The bank is on sanction lists of the US Treasury and is - in contrast to the banks Melli and Saderat not by name - the object of Resolution 1803 of the UN Security Council . These documents prohibit doing business with the bank to prevent the spread of nuclear and missile technology in Iran. The bank's assets have been frozen as a result of the sanctions in various countries.
Web links
Individual evidence
- ↑ a b The Bundesbank's Iran Connection. Handelsblatt , March 29, 2011
- ^ Iranian Banks , The United States department of the Treasury. Archived from the original on May 30, 2008 Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. .
- ↑ United Nations Security Council , Resolution 1803, March 3, 2008: Security Council Tightens Restrictions on Irans's Proliferation-Sensitive Nuclear Activities, Increases Vigilance Over Iranian Banks, Has States Inspect Cargo. Adopting Resolution 1803 by 14-0-1, Council Welcomes Agreement between Iran, Atomic Energy Agency to Resolve Outstanding Issues on Iran's Nuclear Program
