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.
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