The facts and impact of Iran Sanctions

Everyone who knows about US and Iran sanctions is well aware with the fact that US has cut off the Iran from the international banking system. The cut off impacts have started to show in the last few years. Although Iran is at the liberty to purchase food, medicine and humanitarian items but does not have access to the foreign commodities.  

Slowly and steadily things are getting worse and are paving way to a humanitarian crisis. 
The greatest impact can be seen in the health industry of Iran. The local residents of Iran who are on look of various foreign-made medicines to treat diseases like cancer, thalassemia, hemophilia and others are finding no success. It is not impossible but definitely tougher to acquire the foreign- made medicines. Even the important health machines in the hospitals which require some kind of spare parts are getting rust in the long and tiring search.  It is becoming hard to find the required spare parts, absence of which are making the health machines absolutely useless.   The other sufferers include the pharmaceutical companies which require imported raw materials for the manufacturing of their medicinal products.
The sanctions are making Iran economy suffer a lot. It is really crippling some of its important parts of the economy. It is not possible to move the Iranian money through the U.S financial system. Anyone who tries to does it illegally is charged with a large amount of fine. In some recent developments some of the foreign subsidiaries of several U.S. firms have decided voluntarily to end their business terms with Iran.

Get Rid Of the SDN List Removal Issues

The US Department of the Treasury OFAC (Office of Foreign Assets Control) maintains a list of individuals who they trust are involved in activities detrimental to the United States of America national security interests. This type of list is also called as the SDN (Specially Designated National) list. These individuals can be either alone or corporate entities and the obvious in assistance of the decision of OFAC is frequently available to those who look for OFAC SDN List Removal. A number of times one discovers themselves on the list of SDN with no thought as to what they have performed wrong.
There is a crippling impact of these designations. Not merely a designated individual loses access to the assets under the USA jurisdiction, they will also be repudiated access to the financial systems of the United States of America. Furthermore, US individuals will not able to involve in any kind of a transaction with an individual placed on the list of the SDN. The results of the US individuals violating like a prohibition may have destructive results like up to 20 years of imprisonment and multi million dollar frames.
We have held the level of expertise and professionalism in the field of OFAC SDN List Removal matters. If you are one of the individuals that require help in such types of conditions, you can visit our online portal and get access to our experts so that you can tell them about your issues and get the best and consistent solution from them. You can quickly contact us by filling a request form available on our website.

How to deal with the complicated OFAC SDN list removal process

When you get involved in matter as complicated as OFAC SDN sanctions or bans, it can prove to be a very complicated task to get out of the rut. As the US considers Iran as one of the biggest threats not only to its internal security but the entire globe, it has adopted certain stringent measures to ensure that all those people and companies operating from the US and dealing with organizations of Iran follow certain complex
If you are finding yourself in a similar kind of position right not and want help for OFAC SDN list removal, then you are going to need the expertise of a highly professional and experienced law firm. However, just about any other firm would not be able to rescue you from the mess. You are going to need the legal assistance of a firm such as Ferrari Legal which has years of experience in dealing with OFAC SDN list removal cases, as these are highly complicated matters. Such a firm can help you sail through the entire trial process and get your name struck out of the list in a smooth manner.

regulations. In addition, it has also imposed certain restrictions and bans on any kind of business or trade with the individuals or companies of the country it considers as one of its biggest enemies. Any individual or company who fails to follow the guidelines laid by the top most authorities of the country face immediate ban and inclusion of their names on the SDN list.

Transfer your money to Iran in a more easier & faster manner

In today's era people travel from one place to another in search of better job and living opportunities. It can be within the same city, among various cities or states in the same country but it is not limited to that only, now people change their country too in search of better opportunities. This is normal human tendency to keep moving towards better options.
This may be because of different reasons, like some people are very career oriented while some people requires money on urgent basis for their family or may be for themselves. Different people have different reasons while choosing a job in other country. Some of the countries which are now a day's very popular amongst the people to move in are United States, Iran, Iraq, Germany, Saudi Arabia etc. where they are easily getting job or money. Moving in some other countries gives us opportunities but they have to face several challenges to like language problem, food, even in transferring money to their relatives back in their country.
So we came up to help you in transferring your money in a easier and quicker manner. You can transfer the money where ever you want with the help of our associates, even you can easily transfer money to Iran also. These associates help you in getting through various procedures related to transferring money to Iran. They may charge you a fee for the services but once you are taking their advice, you can be assured that your money will be transferred. With countries like Iraq and Iran who would have thought that transferring money  would be so easy.

OFAC Matters

Have you ever thought why OFAC is given so much importance? To start with it is the act to prevent prohibited transactions which in any case U.S persons have to stay away from.
It was long back in 1979 during the Iran hostage crisis when all these problem of U.S.-Iran relations started. That time government of Iran denied the plan out of 52 Americans at the U.S. Embassy in Tehran which led to the start of all problems. At that point the first U.S. provisions against Iran came into existence.  In return to the Iranian action, the Carter administration started the use of sanction laws. It prohibited any kind of business, contact or transfer of people, products or money. The exemption was just given to food, medicine and supplies for medical purposes. 

It is never easy to deal in complicated matters of OFAC. There is only few specialized law firms in the world who have the knowledge and expertise to deal with the matters related to OFAC. Ferrari & Associates, P.C. is such one specialized firm which efficiently handles the cases related to OFAC. The company strength is Mr. Ferrari who is considered to be the magician lawyer in the OFAC matters. Those who want to consult with Ferrari & Associates, P.C. can visit their office located directly across the street from the United States Department of the Treasury in Washington.  They accept the cases from any corner of the world and give their best to deal with the complication laws and regulations of OFAC.

Matters related to SDN list:

OFAC is an agency of US department of the treasury. Economic and trade sanctions are administered and enforced by The Office of Foreign Assets Control also known as OFAC. This agency maintains and publishes a list that includes all such states, organizations and individuals that sponsor or are involved in terrorism activities. This list is known as Special Designated Nationals or OFAC SDN list. These sanctions are forced by US government based on U.S. foreign policy and nationwide defense goals in opposition to targeted states, organizations and individuals such as Iran and North Korea.

Trade companies and organizations of US are not permitted to contract with any such state, organization or individual listed in SDN list. Iran is in front of political and economical troubles due to Iran sanctions from a long period of time. Under sanctions nuclear, missile and certain military exports to Iran are prohibited. Other investments in oil, gas and petrochemicals and their exports are not permitted or are prohibited. This has affected trade dealings with Iranian Republic Guard Corps. Banking transactions, insurance transactions and transfer money to Iran related matters. Ferrari & Associates, P.C. is a law firm that has represented numbers of clients involved in matters related to US economy or Iran Sanctions such as ban on business dealings or transfer money to Iran pending before OFAC. Serious federal and international criminal offenses and federal employment matters are also represented by the firm.

Easy Modes to Transfer Money to Iran

People often stumble on the question how to transfer money to Iran. Sending money to Iran is more complicated than transferring money to most other nations. The top funds transferring companies that do not offer their services to Iran are Western Union, PayPal, Ikobo, and Xoom. However, companies such as Sarrafi, Rialex, and ZTransfer Inc. specialize in the job.

Transferring funds through Sarrafi- It is an easy and a secure method of transferring money. You are required to visit the official website and click the ‘Ordering’ button at the bottom. On the next page, you will find a form that requires payment and personal information of both the sender and the recipient. Click on the ‘Submit Order’ button after filling the form. The company will get in touch with you through email asking about your credit card or bank details. The money will be transferred after you give them the requisite information.

Transferring funds through Rialex- Decide on the amount and convert into Iranian Rial. The Rialex bank enables you to send payment in the sender’s name from any of its branch across the globe. Use the link in Resources to inform Rialex about the imbursement. The transfer would require your name, contact information, address and the recipient’s personal and bank credentials.

Transferring funds through Z Transfer Inc. - Visit the Z Transfer Inc. website and register. It will ask you to provide with personal and bank details of sender and the recipient. You must enter the amount you wish to send. Click the ‘Submit Order Form’ to receive an invoice. There are two modes of transferring money. The ‘Deposit in Bank’ method will send you an email requiring bank account details. The ‘Mail Money Order’ will send you an email requiring your company address and order number. Make and mail your check to Z Transfer Inc. with your order number. The company will transfer it to the recipient in Iran.

For more information please visit:

http://www.ferrari-legal.com/itrbook

What is OFAC?

OFAC is a department of the U.S. Treasury that enforces economic and trade sanctions against countries and groups of individuals involved in terrorism, narcotics and other disreputable activities. It runs many sanctions based on United Nations mandates. It is sthe successor to the Office of Foreign Funds Control that was established during WWII following the invasion of Norway by Germany.
It maintains a list of Specially Designated Nationals and Blocked Persons (SDN list), available at www.ustreas.gov/offices/enforcement/ofac/sdn. Members may not accept funds from individuals or entities on this list. As a result, FCMs and IBs must check new customers against the list and must check existing customers against it whenever it is updated.
OFAC also administers a number of economic sanction and embargo programs that target geographic regions and governments, and this information is available at www.ustreas.gov/offices/enforcement/ofac/programs. Members should review new and existing customers to determine if any customers are located in countries under sanction programs and, if so, whether the sanctions affect the Member’s ability to do business with those customers. Through these sanctions and trade policies, the OFAC tries to make the economic lives of these countries or groups of individuals very difficult. This is done as a way to pressure a country to conform to certain laws or regulations, or to discontinue disreputable activity.
Such matters are extremely complicated, often requiring specialized knowledge of very ambiguous and complex regulations and processes. Only a lawyer with extensive experience in dealing with OFAC will be able to effectively represent a client in such matters. 

Want to read more Please Click here

Know about Iran Sanctions with Ferrari and Associates

Mr. Ferrari is a renowned name known throughout the world for his work on OFAC matters. He has handled cases for clients across Central America, Europe, the Middle East, and Africa. Ferrari and Associates, P.C. is located directly across the street from the United States Department of the Treasury in Washington, D.C. They are based at Washington D.C but then too they are actively involved on the matter across the United States and around the world. They have got expertise in cases of OFAC. They have got highly qualified professional team to handle the cases of same.

Here it is necessary to know and understand what does OFAC stands for? It means The Office of Foreign Assets Control. It is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. It administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals.

Mr., Ferrari has got the thorough knowledge on the subject matter. He is also the author of the Iranian Transactions Regulations Practice Guide. It is the first ever legal practice manual devoted to a single U.S economic sanctions program.  Mr. Ferrari has also shared his knowledge through various media resources like CNN, Time Magazine, the Houston Chronicle, Computer World Magazine, and Moneylaundering.com. He has addressed and explained the common public about U.S trade sanctions issues.

Please click here to visit our website

Legal process to remove name from OFAC SDN List

OFAC related issues and matters are typical and complex. Sometimes, people or organizations get their name on OFAC SDN list, mistakenly. There is a process of OFAC SDN list removal but it is a typically complex lengthy process. And, one who is listed wrongly in this list must start the process to get his name removed from list without delay. Though one needs to be patient to have name erased from list, he needs to take action quickly.
The process of OFAC SDN list removal process happens under the United States Department of Treasury office of Foreign Assets Control. The OFAC related matters are not criminal matter that is why these matters are not processed under the US federal court. There is a lot of paper works, rules and regulations and laws to follow. Entire legal process can leave a person, involved in OFAC related matter, fretting and fuming. The best approach to get rid of this complex procedure is to get legal services from expert, specialized attorneys or lawyers. People can access internet and can find legal or law firms providing expert and specialized legal services for OFAC related matters, issues or cases. Attorneys and lawyers in Law Firm are highly experienced and have extensive knowledge about OFAC law, rules and regulations. They have dealt with numbers of typical and complex cases related to OFAC.
Want to read more please visit:

http://www.ferrari-legal.com/practice-areas/ofac-sdn

 

OFAC for Iranian Sanctions

Business companies and organizations which are based in US, are not legally authorized to contract with any company, state, association or person listed in SDN list.  Generally the term Special Designated Nationals is recognized as SDN in common language.  The country Iran is in front of economical and political dilemma these days. And the situation is getting even very difficult for business companies situated and working from there due to these Iran sanctions from an elongated period of time.

Ferrari & Associates, P.C. is a law firm which provides help to such companies in need. They offer their services with the purpose to represent records of customers who is associated in matters related to US financial system or Iran Sanctions. They help them in issues such as prohibited trade dealings or transfer money to Iran in anticipation of OFAC. This has exaggerated company communication with Iranian Republic Guard Corps. Banking transactions, insurance transactions and transfer money to Iran linked matters.  It is an organization of US subdivision of the treasury. These Iran sanctions are obligatory for all US based companies according to the U.S. foreign policy and countrywide safety goals in opposition to under terrorism attack states, organizations, persons and countries such as Iran and North Korea. This organization maintains and publishes a record with the intention of including each and every one such states, organizations and persons that support or are concerned in violence actions.

Read more from here about Iranian sanctions

Expert lawyers/attorneys to handle OFAC related matters

An agency or a part of the United States Department of the Treasury, the Office of Foreign Assets Control or known as OFAC came into existence with goals to enable the office to help fight with crime and deliver justice by developing programs. The programs are developed to have a negative impact on the assets of criminal foreign parties. An agency actually administers and enforces economic and trade sanctions. These sanctions are based on US foreign policy and national security goals against targeted foreign states, organizations, and individuals. OFAC maintains and publishes a list called the Specially Designated Nationals (SDN) List consists of names of individuals and organizations with whom citizens and permanent residents of US are prohibited from doing business. Currently, thousands of individuals and companies are designated on the SDN list.
Sometimes, individuals and organizations get designated mistakenly on the list. It becomes important to apply for the procedure to remove the name from SDN list without late. As the OFAC related matters and cases are serious, complex and typical, people involved in matters need to approach law firm that offer legal services. There are expert lawyers and attorneys who have in-depth knowledge of OFAC matters, proceedings and law and also they are highly experienced. Expert lawyers and attorneys have provided representation in a number of high profile OFAC matters. So, people should approach and hire professional and highly experienced lawyer/attorney to handle their cases related to OFAC matters.

Economic sanctions against Iran

It is a well established fact that the United States of America has been at loggerheads with Iran for quite a few years now. The former considers the later as a threat to its internal security and has therefore imposed a variety of economical sanctions on it, in order to keep a check on its economic growth and nuclear development program which is perceived by it as a threat not only to the security of the US but the world. The sanctions include a variety of elements, such as restrictions on transfer of money to Iran, firms dealing, shipping sanctions, web hosting services sanctions for commercial endeavors, etc. The main purpose of these sanctions is to demotivate Iran to stop its nuclear proliferation activities after the failure of numerous talks between Western superpowers and Iran.
However, the sanctions against the country have been fraught with disputes and controversies, with some of the sanctions actually been overturned as they were challenged in the court of law. The sanctions have badly affected the growth of the country which happens to be a $438 billion oil dominated economy. However, as an individual or company owner, it is important for you to be aware of all these sanctions, including sanctions related to transfer of money to Iran through any medium. Your ignorance or unawareness, otherwise, could put you in serious trouble and even lead to actions against your company. There are a few guides which have recently been launched. You can make use of these informative guides to make yourself more aware of the sanctions against Iran.

Iran sanctions for money transfer:

For the business companies who want to transfer money to Iran or want to maintain any kind of   money transaction with Iran can take advantage and assistance of Ferrari legal, a law firm. They provide assistance regarding the same. It is group of well experienced and qualified professional who are knowledgeable enough with each and every rule and regulation regarding the same.

OFAC is an agency which issues a list on regular basis which contains names of such persons, business companies and countries who are involved in some kind of terrorism related matters. These are considered as a treat for nation and hence their transactions are monitor in regular basis. These companies and persons are banned to do any transaction or business dealing without the knowledge of OFAC. Once company get listed with the Listing, it becomes very difficult to remove their name form it. It is hard and long term process. These attorneys and lawyers provide assistance for such companies in need. There services are really resourceful and ingenious for such business companies’ .Iran is such nation which is well known to be involved in many of the terrorism related matters and issues. Therefore a business company which is based and functioning form US is restricted to do any kind of transaction with the business company situated in Iran. Also import and export with such nations is restricted and banned. Product such as weapon, petroleum, gas, oil is banned for import and export form such nations.

OFAC for Iranian Sanctions

Monetary and business sanctions are managed and implemented by The Office of Foreign Assets Control which is also familiar as OFAC. It is an organization of US subdivision of the treasury. These sanctions are compulsory to follow for business companies’ base in US.  This agency works on US government based on U.S. foreign policy and nationwide security goals in opposition to under attack states, organizations and persons such as Iran and North Korea. This organization maintains and publishes a record with the purpose of including each and every one such states, organizations and persons that support or are concerned in violence actions. This record is recognized as Special Designated Nationals or SDN list. Trade companies and organizations of US are not allowed to deal in the company of any such state, association or person listed in SDN list. Iran is in front of political and economical problem due to Iran sanctions from elongated period of time. Under these sanctions nuclear, projectile and firm military exports to Iran are banned. Erstwhile investments in oil, gas and petrochemicals and their exports are not permitted or are illegal. This has effected exaggerated company communications, their Banking transactions, insurance transactions and transfer money to Iran linked matters. Ferrari & Associates, P.C. is a law firm with the to help customers who are concerned in matters related to US financial system or Iran Sanctions or who are prohibited for such dealings or transfer money to Iran by means of OFAC SDN List Removal.

Transferring money to Iran

Each and every business company which is based and functioning form US, than it is mandatory for such business organization to work under all the mentioned rule and regulations of OFAC. The associations of OFAC are an agency which works under the department of US government based foreign policy. They work in favour of all the nationwide defence related goals. The law firm called, Ferrari & Associates, works for such persons and business companies who are directly or indirectly involved in matters related to US economy or Iran Sanctions. These regulations are meant for controlling the procedures of business dealings and transfer of money to Iran. This association works for the nations which come under the category of terrorist related issues. Special Designated Nationals list is a listing which is issued by this OFAC on regular basis, which is generally recognized as SDN list in common. According to these rules and regulations investment in oil, gas and petrochemicals products and their exports are not at all authorized or are prohibited for such countries which come in this listing. Also under these rules and regulations of Iran sanctions nuclear, missile and certain military exports to Iran are banned for ever. This is for the reason that Iran is a country which is well known to be associated with many terrorism related acts, which are not in favour of international safety issues. Iran and all similar nations are facing so much trouble now a day, because of such strict Iran sanctions.

Why Think before You Transfer Money to Iran

Office of Foreign Assets Control or OFAC is that US agency which is responsible for Iranian sanctions. This agency is also accountable for restricting a company’s business with an Iranian company based upon the bylaws set thereby. With this, anybody wishing to transfer money to Iran can do so only when abides by the governing laws.

Consequently, operations of many organizations having business ties with Iran are under threat because of the restriction to exchange anything, whether goods or funds. Implication can be so severe that criminal charges may be imposable over culprit along with penalization. When an individual, is non US resident and / or originates from somewhere outside, operates a business in US, he or she has to follow the US economic sanction program laws.

In addition, the OFAC rules strictly deny anyone wishing to sell their property so as to raise fund and bring in the money. Beyond being considered under the receipt or transfer money to Iran act, the same rule is extended to transport or purchase of any kind or by any means. However, the agency has felt it imperative to clarify every single rule so make the US residents about the entities involved. In the process, OFAC release the Specially Designated Nationals list which comprises the names of all the entities tagged with terrorism provoking nations, and much more.

Erich Ferrari of Ferrari and Associates, P.C. has come with a practice guide in this respect to discuss US economic sanction program in elaboration.