December 17, 2014: SECO plays 3-card Monte with Iran

On December 17, Swiss regulators added one entity to its Consolidated List under the Iran sanctions program:

SSID: 80-29804 Name: Sina Bank

Address: No. 187, Avenue Motahhari Ave., Tehran, 1587998411, Iran

Justification: Sina Bank is controlled by the Mostazafan Foundation, a major Iranian
parastatal entity directly controlled by the Supreme Leader, and which has an 84 %
shareholding in Sina Bank. It provides financial services to the Mostazafan Foundation and
its group of subsidiary units and companies. Accordingly, Sina Bank provides financial
support to the Government of Iran through the Mostazafan Foundation. Other information:
Tel: +982 18 85324347, +982 18 85324346, E-mail: infor@sinabank.ir, Website:
http://www.sinabank.ir/ Modifications: Listed on 17 Dec 2014

deleted another:

SSID: 80-9117 Foreign identifier: 25.a Name: Arya Niroo Nik

Justification: Arya Niroo Nik is a front company used by Fulmen for some of its operations.
Modifications: Amended on 18 Sep 2014, de-listed on 17 Dec 2014

and amended yet another:

SSID: 80-9288 Foreign identifier: 51. Name: MASNA (Moierat Saakht Niroogahye Atomi
Iran)Power Plants' Equipment Manufacturing Company

Good quality a.k.a.: Managing Company for the Construction of Nuclear Power
PlantsSaakhte Tajhizate Niroogahi Address: No. 10, Jahanara Alley, after Hemmat Bridge,
Abbaspour St. (previously called Tavanir), P.O.Box 14395-13591435733161, Tehran, Iran
Justification: Subordinate to AEOI and Novin Energy (both designated under UNSCR
1737). Involved in the development of nuclear reactors. Relation: a) Subordinate to Atomic
Energy Organisation of Iran (AEOI) (E.37.A.1., SSID 80-8325) b) Subordinate to Novin
Energy Company (E.47.A.6., SSID 80-8514) Modifications: Amended on 20 Dec 2013, 17
Dec 2014