Added on 5th February 2016
On 17th January 2016 the United Nations Security Council removed sanctions which had previously been imposed against Bank Sepah Internation plc (BSIP) and its parent, Bank Sepah, and on 23rd January 2016 the EU also de-list BSIP and its parent.
BSIP is confident of resuming normal banking activities in the near future.
For any enquiries in respect of,
New business kindly contact Steve Smith, Customer Services Manager, on 020 7648 9130 or e-mail email@example.com
Compliance issues kindly contact Sharon Gaughan, Compliance Officer, on 020 7648 9107 or e-mail firstname.lastname@example.org
Relevant documents regarding the de-listing by UN, EU, HMT and an Independent Legal Opinion are referenced below
Financial Services Compensation Scheme
Bank Sepah International plc (BSIP) is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors-including most individuals and small businesses, are covered by the scheme.
Currently, in respect of deposits, an eligible depositor is entitled to claim up to £75,000. For joint accounts each account holder is treated as having a claim in respect of their share, so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £75,000 each, making a total of £150,000.
The £75,000 limit, under FSCS, relates to the combined amount in all eligible depositor's accounts with the Bank, including their share of any joint account, and not to each separate account.
To contact FSCS about the scheme or the amount covered and eligibility to claim, please telephone 020 7741 4100 or 0800 678 1100 or visit the FSCS website www.fscs.org.uk or email email@example.com
For any other enquiries in this respect, please contact Sharon Gaughan, Compliance Officer, at Bank Sepah International plc, on 020 7648 9107 or email firstname.lastname@example.org
Authorised and regulated by the Financial Services Authority. Registered in England and Wales 04189598.
Telephone: +44 20 7623 1371 Email: email@example.com Address: 5/7 Eastcheap, London, EC3M 1JT