On 14 September 2017, the United States (“US“) certified Iran’s compliance with its obligations under the Joint Comprehensive Plan of Action (“JCPOA“). Thereby extending the sanctions relief under the JCPOA. Meanwhile, OFAC imposed new sanctions against 11 firms and individuals for allegedly aiding Iran’s ballistic missile program and helping it to conduct cyber attacks on the US and support terrorism.
The full OFAC Iran designations can be found here.
B&A Law advises many companies interested in or doing business in Iran. Should you wish to have more information on the possibilities of doing business in Iran and understanding what is allowed and what is not, please contact us at firstname.lastname@example.org or at +31 (0)20 708 9444.