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EU Sanctions Against Iran Reflect Role of Tax Havens, Trade Partners
By Colby Adams
printNew European sanctions against Iran show how secrecy jurisdictions and trade concerns have compromised efforts to inhibit the Islamic Republic's financial reach, say analysts. On Tuesday, the European Union added five individuals and 111 companies to its sanctions regime adopted in July that froze assets of entities linked to Iran's nuclear weapons program. EU leaders named four banks, including Hamburg-based Europ?¤isch-Iranische Handelsbank AG (EIH), Minsk-based Onerbank Zao and Tehran-based Ansar Bank and Mehr Bank. The majority of the 116 total Iranian-linked entities designated Tuesday are owned or otherwise linked to companies previously blacklisted by the EU. Forty-five of the companies...
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