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Financial sector

What about the banks – are we seeing the first signs of genuine business with Iran?

There is growing frustration in Iran and Europe about the slow pace of reconnecting Tehran to the global financial system. This even led to a recent joint statement by the P5 +1 nations that negotiated the JCPOA explicitly underlining that they will not “stand in the way of permitted business activity with Iran, and will not stand in the way…

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The struggle of financial institutions in dealing with financial sanctions

Adopted in order to pursue foreign policy objectives, financial sanctions have become a source of increasing difficulty for financial institutions over the past few years. The ever growing number of applicable regimes tied to the international agenda is now also coupled with tighter enforcement measures. The opening on 31 March 2016, of the Office of Financial Sanctions Implementation (OFSI) in…

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