BERELIAN EXCHANGE

The Secretary of State considers that there are reasonable grounds to suspect that the Berelian Exchange is an involved person under The Iran (Sanctions) Regulations 2023 on the basis of the following ground: Berelian Exchange is or has been involved in conduct which facilitates hostile activity by the Government of Iran, namely providing financial services to individuals and entities involved in activity which is intended to cause the destabilisation of the United Kingdom or any other country.

UK

Asset freeze, Director Disqualification Sanction

2026-05-11

UK

The Iran (Sanctions) Regulations 2023

UK country specific

Iran

Asset freeze and making available provisions, Trade sanctions, Travel bans, Transport sanctions

• The Regulations impose financial sanctions through a targeted asset freeze on designated persons and prohibitions on making funds or economic resources available. This involves the freezing of funds and economic resources (non-monetary assets, such as property or vehicles) of designated persons and ensuring that funds and economic resources are not made available to or for the benefit of designated persons, either directly or indirectly. • The effect of the Regulations is to impose a travel ban on persons who are designated by the Secretary of State for the purposes of being made subject to immigration sanctions under the Sanctions Act. Such persons are excluded persons for the purposes of section 8B of the Immigration Act 1971. • Trade sanctions. • Transport sanctions.

Iran (Sanctions) Regulations 2023 came fully into force on 14 December 2023. The regime’s purposes are to deter the Government of Iran or an armed group backed by the Government of Iran from conducting hostile activity against the United Kingdom or any other country and to encourage the Government of Iran to comply with international human rights law and to respect human rights. These regulations have replaced The Iran (Sanctions) (Human Rights) (EU Exit) Sanctions 2019 Those persons who are designated under this regime are included on the UK sanctions list. The UK also implements a sanctions regime on Iran related to nuclear weapons.

Licensing and exception provisions are contained in Part 8 of the Regulations.