Assa Ltd, which is registered at 6 Britannia Place, was named in a US Treasury press statement issued this week. The statement says that the Jersey company is the parent organisation of Assa Corp, a shell company created and controlled by Iranian government-owned Bank Melli.
Assa Ltd, which was set up in Jersey in 1989, is registered at the offices of St George Financial Services, a trust company acquired by Gibraltar-based STM Group earlier this year. The New York entity, Assa Corp, is co-owner of a 36-storey skyscraper in Fifth Avenue. The US Treasury says that the rental income from the office building has been ‘repeatedly transferred’ to Bank Melli through Assa in Jersey.
