Transfer of money to Iran

Economic and trade sanctions in the states of US, are administered and managed by The Office of Foreign Assets Control, which is also known as OFAC in short. It is an organization of US department of the treasury. The rules and regulations comes under these sanctions are administered by US government which are based on U.S. foreign policy and national goals related to security matters of the state, organizations and individuals such as Iran and North Korea. This organization maintains and publishes a list on the regular basis that includes all such states, organizations and individuals that are directly or indirectly involved in multinational terrorism activities. This list is commonly known as Special Designated Nationals or SDN list. Business companies and organizations which are keep functioning from US are not allowed to do any business or any other kind of dealing with any of such states, organizations or an individual listen in this SDN list. At present, Iran and such nations are facing so many political as well as economical troubles from a long period of time. Under rules and regulations of Iran sanctions nuclear, missile and certain military exports to Iran are totally banned. But, other investments such as oil, gas and petrochemicals and their exports are not banned. This has affected the business dealings with Iranian Republic Guard Corps. Banking transactions, insurance transactions and transfer money to Iran related matters. Ferrari legal & Associates, P.C. is a law firm that helps persons to deal with such complex issues.