United States Sanctions
On 25 October 2007, the United States imposed unilateral sanctions against Iran. These sanctions include new measures to reduce Iran’s ability to conduct financial transactions between the state-owned banks of Iran and United States citizens or private organisations. Bank Melli was included in these sanctions, on the grounds that, besides its other customers, Bank Melli provides financial services to Iran’s nuclear and ballistic missile programmes. A fact sheet released by the US Treasury Department also asserts that between 2002 and 2006 Bank Melli sent at least $100 million to Hamas, Palestinian Islamic Jihad, and other groups, via the Quds Force, a branch of the Iranian Revolutionary Guard.
In a statement published on its web site, BMI refutes the US allegations and categorically denies that it has ever been involved in any "deceptive banking practices".
Read more about this topic: Bank Melli Iran
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