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Addition of an entity subject to accompanying measures implemented pursuant to the UN Resolution against Iran

Based on United Nations Security Council Resolutions ("UN Resolutions") 1737, 1747, 1803, and 1929 on Iran's nuclear issues, the Government of Japan has been implementing a series of measures against Iran's nuclear activities.

Japan is seriously concerned about the situation regarding Iran's nuclear issues, including its continuation and expansion of enrichment-related activities against past UN Resolutions and a resolution by the International Atomic Energy Agency (IAEA). In consideration of the situation, the government has decided to apply measures already taken under the Foreign Exchange and Foreign Trade Act (hereinafter "the Foreign Exchange Act") to an additional entity described below pursuant to today's Cabinet approval of "addition of an entity subject to accompanying measures implemented pursuant to UN Resolution 1929." Japan takes this action to contribute to global efforts toward international peace.

Termination of correspondent banking relationships through asset freezing (on banks)

Pursuant to the Foreign Exchange Act, all payments to Bank Tejarat (see Appendix(PDF:152KB)PDF File), which has been designated as a bank that could contribute to Iran's nuclear activities by the Ministry of Foreign Affairs' notification (promulgated on March 13, 2012), and all capital transactions with this bank require the prior approval of the Japanese government. Accordingly, correspondent banking relationships with it are halted.

Note: The present action brings the total number of the Iranian banks that have been designated by past UN Resolutions and the Japanese government’s accompanying measures to 21.

Release Date

March 13, 2012

Division in Charge

  • Second Middle East Division, Middle Eastern and African Affairs Bureau, Ministry of Foreign Affairs
  • Legal Office, Research Division, International Bureau, Ministry of Finance
  • Trade Control Policy Division, Trade Control Department, Trade and Economic Cooperation Bureau, Ministry of Economy, Trade and Industry

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Ministry of Economy, Trade and Industry
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