Bank Melli Iran

Iranian Rial Plunges to Historic Low

The Iranian rial plummeted to a historic all-time low on March 4, trading at about 600,000 to the U.S. dollar in the unregulated market. Amid escalating tensions in the region,...

CBI Revoking Bank Melli’s License Is Unlikely to Curb Iran’s Sanction Evasion in Iraq

The Central Bank of Iraq (CBI) revoked Bank Melli of Iran’s operating license on February 8, following increased U.S. pressure to untangle Iraq’s financial system from Iranian money laundering and...

U.S. Should Sanction Tehran’s New Central Banker

Iran’s government appointed Mohammad Reza Farzin as the new governor of the Central Bank of Iran (CBI) in late December as the country’s national currency, the rial, plummeted against the U.S. dollar....

Foil the Financiers of Iran’s Terrorism

The Biden administration believes Tehran’s Islamic Revolutionary Guard Corps is a terrorist organization. So why lift sanctions on banks that help fund it?

In His Second Term, Trudeau Must Fix His Iran Policy

Last month’s re-election of Justin Trudeau as Canada’s prime minister provides an opportunity to reflect on Ottawa’s relationship with the Islamic Republic in Iran. Iran policy is an issue of great...

Biden, Congress Should Defend Terrorism Sanctions Imposed on Iran

Trudeau Fails Canadian-Iranians

Recent developments confirm that Canada has become a major hub for the Islamic Republic in Iran and its supporters, and perhaps an unsafe place for Canadian-Iranian democracy activists. On January 8, 2020,...

Thirty-Five Former U.S. Officials and Policy Experts Ask Treasury Department to Safeguard Global Financial System by Sanctioning New Iran Trade Vehicle

(Washington, DC, July 16, 2019) – A group of 35 policy experts and former U.S. officials – including two former senators, four former officials with rank of ambassador, and a form...

Letter on New Iran Trade Vehicle

We are writing to respectfully request that you examine whether Iran’s counterpart to a new European trade vehicle formed to evade U.S. sanctions on Iran meets the criteria either for designation for being owned or controlled by designated Iranian entities subject to U.S sanctions, or for designation under Executive Order 13846. We believe it does.

Credibility Gap: China’s FATF Presidency

Sanctions Alert: Iran’s New Financial Channel with Europe is Linked to Sanctioned Entities

Abdolnasser Hemmati, the head of the...

Oman in the Middle

Muscat’s Balancing Act Between Iran and America

Iran’s New Central Bank Governor Tied to Sanctioned Entities

On July 25, Abdolnasser Hemmati replaced Valiollah Seif as the governor of the Central...

Bahraini Bank Investigations Offers Powerful Example for Treating De-listed Entities

The Bahraini government last week...

Iran’s Center for Illicit Finance

Iranian Central Bank Governor Valiollah Seif is in Washington this week to attend summits at the...

Global Banks Wrestle with Iran’s Return

The Bank of England, according to a report from the Financial Times last week, reacti...