Croatian National Bank

Banking
Croatia

The Financial Tribune, recently reported on Croatia’s establishment of banking ties with the Central Bank of Iran (“CBI”), an Office of Foreign Assets Control (“OFAC”)-blocked Iranian financial entity.  (U.S. Treasury Department, “Fact Sheet: New Sanctions on Iran,” 11/21/2011).  According to Ali Rabiei, Iran’s Minister of Labour, “the governor of the Central Bank of Iran has delivered the finalized document of this agreement to the ministry…countries like Croatia are a priority for Iran and that is why we are ready to cooperate with the country in any field.” (Financial Tribune, “Iran, Croatia Sign Banking Agreement,” 7/1/2017).