Tuesday, December 11, 2012

UANI Issues Statement Regarding Reported Settlements for Iran Sanctions Violations by Banking Giants Standard Chartered and HSBC


December 11, 2012
Contact: Nathan Carleton, press@uani.com 
Phone: (212) 554-3296

UANI Issues Statement Regarding Reported Settlements for Iran Sanctions Violations by Banking Giants Standard Chartered and HSBC
UANI Calls for "Zero Tolerance" for Institutions that Violate Iran Sanctions

[Click here to watch Ambassador Mark D. Wallace discuss Standard Chartered and Iran sanctions on CNBC's "Power Lunch" earlier this year.] 

New York, NY - United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement today regarding reports that banking giants Standard Chartered and HSBC have reached settlements with U.S. regulators over their Iran sanctions violations:

These actions by regulators should serve as notice that any financial institution engaging in business with Iran is exposing itself to grave regulatory and financial consequences.

We call on all U.S and state regulatory officials to adopt a zero-tolerance policy for financial institutions doing business with Iran. All Iranian financial institutions should be sanctioned, and any entity transacting in any way with such institutions should lose its license to do business in the U.S.

In May, UANI announced that Standard Chartered had agreed to end its business in Iran following discussions with the UANI, a development covered by the Wall Street Journal. Since then, Standard Chartered's violations of Iran sanctions came to light, and UANI called for Standard Chartered to be held to account for its activities.

Click here to watch Ambassador Wallace appear on CNBC's "Power Lunch."


United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code.

The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace.

United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons.  UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons.

The Objectives of United Against a Nuclear Iran
  1. Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad;
  2. Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world;
  3. Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran;
  4. Lay the groundwork for effective US policies in coordination with European and other allies;
  5. Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and;
  6. Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures.
UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

American Coalition Against Nuclear Iran | 45 Rockefeller Plaza | New York | NY | 10111

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