For Banks, Relaxation of Iran Sanctions Raises Questions with Opportunities

Brain Monroe
Published by moneylaundering.com, January 17, 2014

As early as Monday, banks will be able to do what has become seemingly unthinkable in the sanctions compliance field during recent years: ramp up their ties to Iran.

Under a multilateral accord set to take effect in three days, the United States and five other nations will temporarily lift some sanctions against the Persian nation. Contingent on the findings of nuclear inspectors examining Iran’s uranium production, U.S. officials are expected to scale back sanctions imposed in 1995, 2012 and 2013 over the next six months.

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