Iran Sanctions imposed by US government

After bombing of US Marine barracks in Lebanon and due to Islamic revolution, United State government has imposed Iran sanctions against for foreign policy and national security goals. These sanctions were imposed against individual, organizations and foreign states such as Iran and North Korea. These are indulged in anti-state activities and terrorism. That is why US government abandoned these groups and states to deal with all US based companies. Under Iran sanctions, there is ban on import and export with Iran. Also, selling aircraft, repair parts to aviation companies, nuclear, missile, investments in oil gas and petrochemicals, refines petroleum products, shipping along with ban on Iranian republican Guard Corps is ban.
Iran is facing economical and political halt from a long period of time because of these sanctions. There is an increase in inflation. Country is facing issues in costs of goods; unsteady supple and disrupted exports. Also there is a ban on to transfer money to Iran. Banking transactions are banned. So in case if anyone wants to transfer money to Iran through banking transactions, it is mot possible due to imposed sanctions. An agency of US department of the treasure, the office of the Foreign Assets Control, carries out administrative activities and enforcements of trade and economic sanctions in US. Agency maintains and publishes SDN list (Special Designated Nationals list) that includes names of all prohibited individuals organizations and foreign states indulged in anti-state activities and terrorism with which no business or financial companies of US are allowed to do business deals.

Regulation of SDN List Removal

Business companies and organizations which are based and functioning from US are not authorized to do business transactions with the company which is already registered under the OFAC SDN list. A law firm, Ferrari legal & Associates, works with the purpose to assist such companies with their legal matters. They represent the related records of their customers, looking forward to legal advices in matters which are related to US financial system or Iran Sanctions. They also deal with the matters related to trade dealings or money transfer to Iran, in accordance with the rules and regulations of OFAC SDN List Removal system. SDN list is commonly identified as Special Designated Nationals. Economic and business sanctions in US are managed by The Office of Foreign Assets Control, which is also recognized as OFAC. It is an association of US subdivision of the treasury. This organization deals with company communication with Iranian Republic Guard Corps. , banking transactions, insurance transactions and transfer money to Iran and related matters. These sanctions are mandatory to follow, for US based companies in accordance with the U.S. foreign policy. It is necessary for countrywide safety and security goals against the terrorism attack, organizations and persons involved in such affairs. However investments in oil, gas and petrochemicals industries do not come under such regulations. But nuclear, projectile and firm military exports are prohibited. Iran is facing economical problem due to such Iran sanctions.

Iran Sanctions by online

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