Financial Services

American Express

Industry
Financial Services
Symbol
NYSE AXP
States
NY
Country
USA
Sources

According to the website Destination Iran, "In Iran, it’s not possible to use your Visa Card, Master Card, American Express, Diners Club, etc. Here you won’t be able to withdraw cash from ATM machines, swipe your cards to buy things, etc. They simply don’t function while you’re traveling inside Iran. Reason: sanctions!"

However, Destination Iran makes the Iran Travel Card, which "is a prepaid card into which you deposit some Iranian currency and carry it around with you to buy things, get cash from ATMs and banks, etc inside Iran." 

--

In 2020, American Express was listed as a divested security on the Michigan State Retirement System list of divested securities for active business operations in Iran.

Nasdaq, Inc.

Industry
Financial Services
States
NY
Country
USA
Sources

According to its Annual Report filed with the SEC in 2016: "As a leading provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents, we own and operate stock exchanges and other businesses in many jurisdictions throughout the world. To our knowledge, none of our activities during 2015 is required to be disclosed pursuant to ITRSHRA, with the following possible exception. As set forth in our prior filings, a former non-U.S. subsidiary of Nasdaq, NASDAQ OMX Armenia OJSC, operated the Armenian Stock Exchange and the Central Depository of Armenia, which are regulated by the Central Bank of Armenia under Armenian law. In accordance with the requirements of Armenian law, Mellat Bank SB CJSC, an Armenian entity that is designated under Executive Order 13382, is a market participant on the Armenian Stock Exchange and, as a result, pays participation and transaction fees to the Armenian Stock Exchange. In the first quarter of 2015, the Armenian Stock Exchange received participation and transaction fees from Mellat Bank SB CJSC totaling 1,586,231 Armenian Dram (the equivalent of approximately $3,339), which represents only 2.4% of all participation and transaction fees collected by the Armenian Stock Exchange during that period. We voluntarily self-disclosed this matter to the U.S. government and applied for authorization from the U.S. government to continue, if necessary, certain activities pertaining to Mellat Bank SB CJSC in Armenia in a limited manner."

CME Group Inc.

Industry
Financial Services
States
IL
Country
USA
Sources

According to its Annual Report filed with the SEC for fiscal year 2012: "In 2012, notifications from one of our market data distributors made in accordance with the requirements of our market data license agreement included disclosures that such distributor had disseminated our market data to the Government Trading Corporation (GTC) and to a European subsidiary of the National Iranian Oil Company (NIOC). In 2012, the gross revenues attributable to these indirect subscriptions made through the distributor were $3,150. The terms and conditions on which the market data was disseminated by the distributor to GTC and NIOC are the same as would be provided to any other indirect subscriber. Other than the execution of a uniform subscriber addendum that is made available to all of our distributors for use with their subscribers, we do not have any contractual or other relationship with GTC or NIOC. We believe that the distribution of our market data, which is otherwise publicly available in other forms on our Web site on a real-time and delayed basis, is exempt from applicable U.S. sanctions programs pursuant to a statutory and regulatory exemption for exports of information and informational materials. Nevertheless, we are in the process of requesting that our market data distributors refrain from providing our market data to their subscribers that are located in sanctioned countries or identified on the U.S. Treasury Department's Specially Designated Nationals and Blocked Persons List. The distribution of our market data to GTC and NIOC is subject to disclosure pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRSHR Act) and Section 13(r) of the Securities Exchange Act of 1934 (Exchange Act), which requires an issuer to disclose in its annual or quarterly reports, as applicable, whether it or any of its affiliates knowingly engaged in certain activities, transactions or dealings relating to Iran or with designated natural persons or entities involved in terrorism or the proliferation of weapons of mass destruction."

American Financial Group

Industry
Financial Services
Country
USA
Contact Information

I

Sources

According to its Quarterly Report filed with the SEC in 2017, 2018 and 2019: "Certain of the Company’s subsidiaries located outside the United States subscribe to insurance policies that provide insurance coverage to vessels owned by international shipping and marine entities with vessels that travel worldwide. As a result, the insurance policies may be called upon to respond to claims involving or that have exposure to Iranian petroleum resources, refined petroleum, and petrochemical industries. For example, certain of the Company’s non-U.S. subsidiaries participate in global marine hull and war policies that provide coverage for damage to vessels navigating into and out of ports worldwide, which could include Iran."

Liberty Mutual

Industry
Financial Services
States
MA
Country
USA
Sources

In April 2014, Liberty Mutual was subpoenaed by the New York Department of Financial Services (“NYDFS”) “as part of a probe of potential sanctions violations involving Iran … demanding information related to their dealings with Swiss-based commodities giant Glencore Xstrata and its Iranian metals trade.” (Reuters, “New York regulator subpoenas four insurers in Iran sanctions probe-source,” 4/9/2014).

Aberdeen Asset Management

Industry
Financial Services
Country
UK
Sources

According to its Performance Data & Analytics Report on February 28, 2022, the company "contacted [Samsung Electronics] to ask about its involvement in Iran. [Samsung Electronics] confirmed that its office in Tehran is small and, rather than being a base to conduct business in the country, it is there to support regional operations."

--

Aberdeen Asset Management attended the FT Iran Summit 2016 in London on March 9, 2016. The Summit was purportedly designed to "educate" international companies about the benefits of doing business in Iran and to encourage them to enter or re-enter the Iranian market. (Financial Times, “FT Iran Summit 2016”).

Norwegian Export Credit Guarantee Agency (GIEK)

Industry
Financial Services
Country
Norway
Sources

"Despite requests from exporters, GIEK has so far been unable to support businesses seeking to sell to Iran

** “We haven’t been able to guarantee investments in Iran so far, this has to do with the banking sector and the banking relationships with Iran. Because we need a bank to cooperate with in case we should do some transactions and this has proven to be very, very difficult,” Nistad added." (Reuters, "2/28/2018).

--

Export Credit Norway and GIEK have today signed memorandums of understanding to facilitate financial cooperation between Norway and Iran. (8/22/2016)

Kunlun Financial Leasing Co Ltd

Industry
Financial Services
Country
China
Sources

On March 7, 2018, Kunlun Financial Leasing was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Kunlun Financial Leasing remains on the SBA list of prohibited investments. 

--

Kunlun Financial is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.

--

Kunlun Financial Leasing Co Ltd is listed on the Alaska Retirement Management Board's March 2019 and June 2019 list of companies doing business with Iran.