Royal Bank of Canada

Banking
3
TSX: RY
Canada

According to its 2017 SEC disclosure: "We currently maintain certain non-U.S. dollar denominated accounts for the Embassy of the Islamic Republic of Iran in Canada (the “Iranian Embassy”). Any funds in these accounts are frozen by Ontario court order in connection with civil litigation, which is being monitored. In fiscal 2017, these accounts generated less than $3,000 in gross revenue and less than $3,000 in net income."

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  • Provides services to the central bank of Iran.
  • Holds Iranian accounts 
  • Conducting business with U.S. banks that service 'deficient' Iranian banks 
  • Provides services to Iranian banks  (Avi Jorisch, "Iran's Dirty Banking", 2010)