Business Risk

Could there be a sharper illustration of European hypocrisy on Iran as Norway’s conduct during a single week in November?

For over three years, the Financial Action Task Force (FATF) has welcomed Iran’s high-level political commitment to address its structural deficiencies in anti-money laundering and countering the financing of terrorism (AML/CFT).  During this period, Iran’s elected state—the presidential administration and some in parliament—has attempted to placate the international community.  But the mullahcracy’s deep state—for example, the Guardian Council and the Islamic Revolutionary Guard Corps (IRGC)—has resisted meaningful reform.  Iran’s implementation of the FATF’s action pl

Is Peugeot still in Iran?

Despite the expiration of oil waivers on May 5, 2019, Iran continues its candid attempts to export oil to China and appears to be getting critical assistance from Malaysia.

If you’re considering travel to Iran, you would be wise to check on your country’s travel advisory.


Last month, the U.S. Treasury sanctioned a company in Iran called New Horizons.

By: Daniel Roth and Jordan Steckler

The Iranian regime’s latest display of bombast regarding its Kowsar fighter jet is simply the latest in a string of public relations tricks intentionally designed to paint a bright picture of a dynamic, powerful Iran.

Since 1973, nearly all international bank transfers have been facilitated by a Brussels-based organization, Society for Worldwide Interbank Financial Telecommunication (SWIFT), which today connects more than 11,000 banks and other financial institutions and handles 30 million transaction messages every day. Unfortunately, due to differences between the U.S. and Europe on the re-imposition of sanctions against Iran, officials in Germany and France are hard at work to create a parallel system, one that excludes U.S. banks. Their goal is to support European banks searching for a way to continue processing transactions with their Iranian counterparts after the U.S. re-imposes sanctions in November.

Businesses Cite Legal, Political, Financial & Reputational Risks

In the weeks since President Trump announced the United States would officially leave the Joint Comprehensive Plan of Action (JCPOA), numerous companies have proactively exited from their business dealings with Iran.  Total, Maersk, and Siemens have all announced they will be departing Tehran without an exemption from U.S.

On October 31, the U.S. Treasury Department Office of Foreign Asset Control (OFAC) updated its Specially Designated Nationals (SDN) List, applying new sanctions to several individuals and entities affiliated with Iran’s Islamic Revolutionary Guard Corps (IRGC) for their role in supporting the IRGC’s terroristic and ballistic missile proliferation activities.

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