Royal Bank of Canada
Trade riskCanada.
Summary
According to its Annual Report filed with the SEC for fiscal year 2013: "We currently maintain certain non-U.S. dollar denominated accounts for the Embassy of the Islamic Republic of Iran in Canada (the “Iranian Embassy”). The funds in these accounts are used solely for the maintenance of the property of the Iranian Embassy as permitted by Canadian law. (https://www.sec.gov/Archives/edgar/data/1000275/000119312513462793/d622744d40f.htm)
According to its 2019 SEC disclosure: "We currently maintain certain non-U.S. dollar denominated accounts for the Embassy of the Islamic Republic of Iran in Canada (the “Iranian Embassy”). Any funds in these accounts are frozen by Ontario court order in connection with civil litigation, which is being monitored. In fiscal 2019, these accounts generated less than $3,000 in gross revenue and less than $3,000 in net income." (https://www.sec.gov/Archives/edgar/data/1000275/000119312519305684/d804468d40f.htm)
According to its 2017 SEC disclosure: "We currently maintain certain non-U.S. dollar denominated accounts for the Embassy of the Islamic Republic of Iran in Canada (the “Iranian Embassy”). Any funds in these accounts are frozen by Ontario court order in connection with civil litigation, which is being monitored. In fiscal 2017, these accounts generated less than $3,000 in gross revenue and less than $3,000 in net income." (https://www.sec.gov/Archives/edgar/data/1000275/000119312517354638/d478336d40f.htm)
In fiscal 2013, these accounts generated less than $7,000 in gross revenues and less than $4,000 in net income."
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