Iran General NewsJersey government knew about Iran sanctions firm

Jersey government knew about Iran sanctions firm


BBC: Jersey was aware for some time of the activities of a Jersey company facing sanctions from the US for trading with Iran, according to the Chief Minister.

BBC News

Jersey was aware for some time of the activities of a Jersey company facing sanctions from the US for trading with Iran, according to the Chief Minister.

The Petrochemical Commercial Company International (PCCI) was registered to offices in the Parade in St Helier.

It is one of seven foreign firms accused of trying to evade sanctions with Iran by the US State Department.

Senator Terry le Sueur said Jersey could only act against companies facing sanctions from the European Union.

The BBC has attempted to contact PCCI but has been unable to get a response.

PCCI is accused of engaging in evading sanctions designed to put pressure on Iran to halt its nuclear programme.

The US Deputy Secretary of State, James B Steinberg, said the sanctions were being used for the first time against a company.

PCCI was registered with the Basel Trust in the island.

The Trust said it severed all ties with PCCI, although documents from the Jersey Financial Services Commission show it was last registered in December 2010.

Senator le Sueur said the authorities had been aware of the company’s activities for some time.

He said: “Jersey is a base for large amounts of international activities which we endeavour to ensure are entirely legitimate and above board for the right reasons.

“We have to work within the law and we have to accept that for the moment this company is not on the EU sanctions list. Were that to happen then the situation would change significantly.”

Latest news

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Iran’s Regime Is Hiding Human Rights Violations In Its Prisons

With more than four months into Iran’s latest round of nationwide uprisings, the brutality of the Iranian regime’s security...

How Internet Censorship Is Damaging Iran’s Economy

While in the last four months, internet access in Iran has been cut off or severely limited, the regime’s...

Iran Regime’s Upcoming Budget Bill Will Lead To More Protests

On January 12, the Iranian regime’s president Ebrahim Raisi handed over the country’s budget bill to the parliament.  According...

Must read

New deadly chopper crash in Iran

AFP: Two people were killed Saturday when their helicopter...

Mashaie appointed Iran’s new first vice president

AFP: President Mahmoud Ahmadinejad has appointed his controversial aide...

You might also likeRELATED
Recommended to you