Most troubling, perhaps, is the appearance of Bank Melli of Iran at the top of a listing of the world's top 500 Islamic financial institutions, published by the Banker in November 2008 and reproduced in the IFSC report.

CENTERFORSECURITYPOLICY: Center For Security Policy

In March, the Treasury designated companies associated with Iran's Bank Melli for the banks part in Iran's nuclear and ballistic missile programs.

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The EU sanctions adopted Monday include an asset freeze on Iran's Bank Melli and visa bans on some senior officials.

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Sanctions have been applied as well: in the latest, the European Union decided this week to freeze the assets of Iran's biggest bank, Bank Melli.

ECONOMIST: Israel and Iran