UANI

"In Iran, a trio of small, private banks—Saman Bank, Karafarin Bank and Pasargad Bank—have stepped in to replace the larger, sanctioned institutions." (The Wall Street Journal, "Willing Banks Find Profits in Legal Trade With Iran," 4/8/2012) 

"In Iran, a trio of small, private banks—Saman Bank, Karafarin Bank and Pasargad Bank—have stepped in to replace the larger, sanctioned institutions." (The Wall Street Journal, "Willing Banks Find Profits in Legal Trade With Iran," 4/8/2012)

Noted as conducting business with U.S banks while operating in Iran. (Avi Jorisch, "Iran's dirty banking," 2010)

"In a move that could destabilize Beirut’s financial position, a US pressure group urged international financial firms on Tuesday to ditch Lebanese debt and securities, saying that Hezbollah is using Lebanon’s banks in a large scale money-laundering scheme that is also helping Iran evade banking sanctions.

New York-based United Against a Nuclear Iran (UANI) made public the results of a three-month, confidential investigation into the influence of Iran and Hezbollah on Lebanon’s banking system and its sovereign bond market. The group says Lebanon’s financial system – including Banque du Liban, the country’s central bank – is being used to funnel massive amounts of illicit cash from Hezbollah and its state sponsor, Iran.

Lebanon’s banks then use the laundered money to buy Lebanese sovereign debt, which has the effect of making the country appear far more financially stable than it actually is, UANI claims…Iran also transacts funds through the Lebanese banking system to evade the effects of international sanctions, including the banking embargo, Wallace added. He told Salame that Teheran was directing increasing support to Hezbollah to evade sanctions pressure by ensuring its proxy’s stability…Earlier this year, Salame told Wallace that the Lebanese Central Bank does not have any relationship with Iran’s Central Bank, Bank Markazi, and that there is only one Iranian bank, Bank Saderat Iran, in Lebanon. According to the US Treasury Department, which in 2007 designated Bank Saderat as a terror supporter, Iran uses the bank to transfer millions of dollars to several terror groups, including Hezbollah, Hamas and Palestinian Islamic Jihad."  (The Jerusalem Post, "Beirut banks funneling illicit funds for Hezbollah," 7/4/12)

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Noted as conducting business with Iranian banks. (Avi Jorisch, "Iran's dirty banking" , 2010) 

SATCO (Sameh Afzar Tajak Co.) is a private commercial company in Iran "working in the operation, maintenance, procurement and planning of power stations, automotive industries, steel industries and oil fields" (SATCO website, "About Us"). Ingersoll Rand is one of seven "Principals" affiliated with SATCO, selling assembly and industrial tools as well as material handling products (SATCO website, "Principals"). SATCO has sold products to several oil, gas and petrochemical companies, such as the state-owned National Iranian Drilling Company, as well as numerous light and heavy industries, power stations, the steel industry and automotive industry (SATCO website, "Sales").

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Ingersoll Rand, in consortium with SATCO, participated in Iran’s 12th international oil show in 2007 (Iran's 12th Oil Show, "Exhibitor List"). SATCO was also an exhibitor at Iran's13th annual oil show in 2008 (Iran's 13th Oil Show, "Exhibitors").

“Havacaran Industrial Technologies is the distributor of Ingersoll Rand Air Compressors in Iran” (Havacaran website).

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On its website, Havacaran has posted a certificate from Ingersoll Rand, which formally certifies that it is a distributor "for performing sales & after sales service for Centrifugal (CENTAC), Oil Free Dry Rotary Screw (SIERRA), Oil Injected Rotary Screw (SSR) and Reciprocating (T-30, ESH, PHE) Air Compressors and down stream accessories like air dry & filters" (Havacaran Website, "Certificate").

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Ingersoll-Rand, in consortium with Havacaran, participated in Iran’s 12th international oil show in 2007 (Iran's 12th Oil Show, "Exhibitors List").

•  “Arya Heavy Machinery (Exclusive dealer of Caterpillar in Iran) has been the Sole authorized representative for the supply of Caterpillar machines, engines, parts and services in Iran since August 18, 2005.” (Company Website) 
• The Arya website lists four offices in Iran with its head office in Tehran. (Company Website) 
• Arya sells a wide array of Caterpillar power generation equipment and machines in Iran. (Company Website)

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