Additional Measures based on the Foreign Exchange and Foreign Trade Act to Freeze the Assets of Entities and Persons Related to Iran’s Proliferation Sensitive Nuclear and Other Activities (Japan’s Implementation of United Nations Security Council resolution on Iran’s Nuclear Issue)
April 22, 2008
Based on United Nations Security Council (UNSC) Resolutions 1737 (2006) and 1747 (2007), the Government of Japan has implemented such measures as freezing the assets of a total of 23 entities and 27 persons that were designated in the annex to those resolutions as related to Iran’s proliferation of sensitive nuclear activities and development of nuclear weapon delivery systems (hereafter "nuclear and other activities"). Since further 12 entities and 13 persons were additionally designated in Annex I and III to UNSC resolution 1803 (2008), the Government of Japan invokes measures to freeze the assets of these persons and entities based on the Cabinet approval dated April 22 “Measures to Freeze the Assets of Entities and Persons Related to Iran’s Proliferation Sensitive Nuclear and Other Activities” based on the Foreign Exchange and Foreign Trade Act.
(1) Payment regulation
Effective as of April 22, a license will be required for payments to those persons and entities engaged in Iran’s nuclear and other activities designated by the announcement of the Ministry of Foreign Affairs.
(2) Capital transaction regulation
Effective as of April 22, a license will be required for capital transactions
(deposit contract, trust contract and money lending contract) with those persons
and entities designated by the announcement of the Ministry of Foreign Affairs.
UNSC Resolution 1803 (2008) calls upon all States to exercise vigilance over the activities of financial institutions with all banks domiciled in Iran, in particular with Bank Melli, Bank Saderat, and their branches and subsidiaries abroad, in order to avoid such activities contributing to Iran’s nuclear and other activities.
Therefore, the Government of Japan requests financial institutions to steadily implement the measures above, and to thoroughly perform the duties of personal verification and report of suspicious transactions based on the Act on Prevention of Transfer of Criminal Proceeds.