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Financial Sanctions: Iran (Nuclear Proliferation)

Tuesday, 30 July 2013

This news release is issued to publicise the Judgment of the General Court of the European Union in regard to Iran Transfo vs. Council (Case T-392/11) on 16 May 2013.

The Judgment annulling the listing of Iran Transfo has now come into force.

A copy of the Judgment can be obtained from the Official Journal of the European Union.

As a consequence of the Judgment, Iran Transfo is no longer subject to the asset freeze imposed by Council Regulation 267/2012 ("the 2012 Regulation") (notwithstanding its continued appearance in Annex IX to the 2012 Regulation).

Further details of the sanctions regime related to Iran and links to the Consolidated List of individuals and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

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