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Prohibited transactions

Due to international and national sanctions and other restrictions, certain transactions are not possible to do. Below you find some such prohibited transactions. 

All transactions, which involve the following banks:
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Iran

Bank Mellat, Bank Melli Iran, Bank Kargoshaee, Bank Refah, Bank Saderat Iran, Bank Sepah, Bank Sina, Export Development Bank of Iran, PostBank, Europäisch-Iranische Handelsbank
United Kingdom

Bank Sepah Intl., Bank Melli Plc, Persia International Bank Plc

Bahrain

Future Bank

Syria

Commercial Bank of Syria, Real Estate Bank, Industrial Bank, Popular Credit Bank, Saving Bank, Agricultural Cooperative Bank, Syrian Lebanese Commercial Bank

Rest of the world

All Iranian Banks and their affiliates such as Arian Bank, Afganistan; Mellat Bank SB, Armenia; Bank Melli Iran ZAO, Russia; Banco Intenacional de Desarrollo CA, Venzuela

USD cannot be used in transactions with the following banks:

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Cuba All banks
Iran All banks
Lebanon Syrian Lebanese Commercial Bank
Myanmar All banks
Nicaragua Central Bank of Nicaragua
North Korea All banks
Sudan All banks
Syria All banks
Others
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Algeria Only Documentary Credits acceptable as payment method for amounts exceeding approx. EUR 1,000.

If you are in doubt about what can be done with a specific country, please do not hesitate to contact your Trade Finance Adviser at Nordea. You can find the address at nordea.com/tradefinance.

As the sanctions and restrictions in force internationally and in certain national regulations (e.g. in the USA) are frequently changed, we cannot guarantee that the list above is conclusive and updated at any time. Accordingly, we disclaim any responsibility should it not be complete.