Measures based on the Foreign Exchange and Foreign Trade Law to Freeze the Assets of Persons and Entities Engaged in Iran's Proliferation Sensitive Nuclear and Other Activities and to Prohibit the Import of Arms from Iran

May 18, 2007

Based on United Nations Security Council (UNSC) resolution 1747, the Government of Japan has decided through Cabinet approval on May 18 to invoke the implementation of "Measures to Freeze the Assets of Persons and Entities Engaged in Iran's Proliferation Sensitive Nuclear and Other Activities and to Prohibit the Import of Arms from Iran" in accordance with the Foreign Exchange and Foreign Trade Law, as follows:

(1) Additional measures to freeze the assets of those engaged in Iran's nuclear and other activities
Based on UNSC resolution 1737, Japan has taken such measures as freezing the assets of the 10 entities and 12 persons designated in the Annex to the resolution as related to Iran's proliferation sensitive nuclear and other activities and development of nuclear weapon delivery systems (hereafter "nuclear and other activities"). Since 13 entities and 15 persons were additionally designated in the Annex I to UNSC resolution 1747, the Government of Japan invokes measures to freeze the assets of these persons and entities.

(a) Payment regulation
Effective as of May 18 (Fri), a license system shall be applied to payments to those persons and entities designated in the Annex I to UNSC resolution 1747 as engaged in Iran's nuclear and other activities.

(b) Capital transaction regulation
Effective as of May 18 (Fri), a license system shall be applied to capital transactions (deposit contract, trust contract and money lending contract) with those designated persons and entities.

NB1: With the introduction of these measures, the total number of those designated as engaged in Iran's nuclear and other activities is now 23 entities and 27 persons.

NB2: In addition to the measures described above, in order to to implement UNSC resolution 1747, financial institutions are called for attention to exercise vigilance and restraint of remittances for the purposes of which is to contribute to accumulation of arms in Iran.

(2)Measures to prohibit the procurement of arms and related material from Iran
Effective as of May 19 (Sat), prohibition shall be applied to imports of arms and related material (items listed in the middle column of the section I of Annex I of the Export Trade Control Order) originating from or shipped from Iran.

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