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Allied Engineering Group (AEG)

Allied Engineering Group (AEG)

Industry: 
Banking
Country: 
Lebanon
Sources: 

"The statement called on Allied Engineering Group S.A.R.L. (AEG) and Lebanon's Central Bank to “end their relationships” with Iranian banks and financial institutions. AEG is SWIFT's Beirut-based Regional Partner for the Middle East and Africa, and provides SWIFT services for more than 400 banks in more than 40 countries... UANI called on AEG to confirm that it will not allow Iranian institutions to use it and its Service Bureaus as a work-around following the expected termination of Iranian SWIFT access." (Naharnet, "U.S. Organization Calls on Lebanese Central Bank Not to Help Iran Evade Sanctions," 3/1/2012)

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"Continuing its SWIFT campaign, United Against Nuclear Iran (UANI) called on the Allied Engineering Group S.A.R.L. (AEG) and Lebanon's Central Bank to end their relationships with Iranian banks and financial institutions, and prevent Iran from using Lebanon as a banking hub to avoid sanctions. AEG is SWIFT's Beirut-based Regional Partner for the Middle East and Africa, and provides SWIFT services for more than 400 banks in more than 40 countries. AEG offers additional add-on electronic services to such institutions through its Beirut, Bahrain, and Egypt-based Service Bureaus (SB's). UANI is concerned that AEG and its SB's will serve as a continuing gateway and electronic work-around for Iranian funds. UANI called on AEG to confirm unequivocally that it will not allow Iranian institutions to use it and its SB's as a work-around following the expected termination of Iranian SWIFT access." (UANI Press Release, "UANI Calls on Allied Engineering Group, Lebanese Central Bank to Close Lebanese Electronic Gateway for Iranian Funds," 2/21/2012)