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Fiscal Bodies Issue Warnings Against Aiding Iran

Securities Authority, Treasury and Bank of Israel issue warnings against financial ties to bodies that aid Iran’s nuclear program.
By Gil Ronen
First Publish: 7/7/2011, 2:57 PM

Flash 90

 

Three government fiscal authorities have issued warnings against financial ties to bodies that aid Iran’s nuclear program.
 
The coordinated warnings were issued by Securities Authority Chairman Prof. Shmuel Hauser, the Commissioner of Capital Markets in the Ministry of Finance, Prof. Oded Sarig, and the Supervisor of Banks in the Bank of Israel, David Zaken.
 
The three officials instruct Israeli firms to beware of doing business with companies that appear on international lists as assisting the Iranian nuclear program or programs that support it.
 
The three bodies issued a joint statement that said: “The purpose of the instructions is to heighten awareness of the supervised bodies to the ramifications of having ties with the bodies that are included in the lists… due to their involvement or assistance in advancing Iran’s nuclear program, and to ensure that they set an appropriate policy for dealing with the concomitant risks.”