HM Treasury has updated  Financial Sanctions Notice: Iran (Human Rights): Council Implementing Regulation (EU) No 206/2013. The amendments to Annex 1 to the Regulation take the form of the addition of 9 individuals and 1 entity; these additions are therefore subject to the asset freeze imposed by the regulation. HM Treasury have also published an updated […]

HM Treasury has published guidance on whether a transfer of funds requires prior notification or authorisation under the Financial Sanctions: Iran (Nuclear Proliferation) Provisions.  

Sanctions Against Iran: The Reputational Risk For Law-Abiding And Well-Meaning Companies – Organisations with links to Iran are adept at circumventing traditional financial controls, using opaque and multi-layered structures to conceal ownership, control and associations. Sanction-busting transactions involve not only third, but fourth and fifth parties to circumvent standard sanctions controls. Legitimate businesses are frequently […]