Transfer money to Iran Following Transaction Rules

Given the political and economic relations that Iran shares with most of the other countries, it is not an easy task to transfer money to Iran the easy way. However, if you are aware of the rules and regulations, it will not be a very tough task to transfer money to your peers in Iran.

The best resource you have at hand to help you with transferring money is The Iranian Transactions Practice Guide. Anyone holding the position of an attorney, business man, compliance officer or any common man willing to transact with Iran can go through the Transactions Regulations quite effectively, but then the person needs to have a very good understanding of the rules and regulations. Violation of the rules may lead to tremendous setbacks and even ultimate failure.

Finding the Right Way to Transfer Money

If you are willing to transfer money to Iran you need to follow some specific rules. It is not possible for you to go after your will as everything is confined with the red tapes. There are hardly any online services that help you transfer money to Iran. PayPal and other similar services do not work in Iran. A good way is to seek help from the Iranian embassy itself. You can also get in touch with an attorney and get proper information on different methods to deal with financial transactions in Iran. Similarly, you can also look into various articles written by finance Gurus.

Iranian transactions regulations for the business companies

Iranian Transactions Regulations Practice Guide is presented for the business companies who are based and functioning from US and wants to do dealings with Iranian companies. This resourceful guide consists of contents regarding U.S. economic sanctions program. It is helpful for the attorneys, business companies and any person who is looking forward to transfer money to Iran. This guide contains each and every specific and mandatory rule and regulation for this purpose. It also provides the solutions regarding the complex regulatory procedures and other schemes of these regulations. Latest second edition of this guide is more helpful and contains most up to date information. This guide is well known as ITR book and is very much resourceful for such transaction related matters. All the economic and trade sanctions in US are administered and managed under the supervision of ‘The office of Foreign Assets Control’. It is famous by the name of OFAC. It is an organization of US department of the treasury. Now a day countries such as Iran, is facing so much economical problems. The main reason for this is their involvement in terrorism related activities. Therefore US government applies strict rules and regulations on the business companies who are dealing with companies functioning from Iran. It is important since it directly relates with the matters of safety and security of country. Ferrari legal & Associates, is law firm that help such person on the subject of making transactions with Iran. They follow ad work keeping in mind all the rules and regulations.

OFAC and SDN list to Maintain Security

OFAC, The Office of Foreign Assets Control is an agency of US. It works under Secretary of the Treasury for Terrorism and Financial Intelligence. Administering and enforcing economic and trade sanctions are functions of agency. All US based business and organizations must have to meet these imposed sanctions for foreign policy and national security goals. An agency publishes and maintains a list called SDN (Specially Designated Nationals) list. OFAC SDN List includes names of individuals and organizations which are prohibited to do business with US based business companies. These individuals and organizations are individual terrorists, terrorist organizations and state sponsors of terrorism such as Iran and North Korea. OFAC SDN List is maintained and updated time to time by agency. If any individual or any company is wrongly listed by agency, it is a serious matter. One should immediately take a step to apply removing his name or company’s name from list. There are experienced and professional lawyers and attorneys available to deal cases for clients involved in US economic sanctions pending before the Office of Foreign Assets Control. Such type of matter is really complicated and requires lawyers with specialized knowledge and higher experience. Expert lawyers also help people dealing with serious federal and international criminal offenses and matters related to federal employment cases.

OFAC and related matters

Working under Secretary of the Treasury for Terrorism and Financial Intelligence OFAC or the Office of Foreign Assets Control is an agency of US. It functions to administer and enforce economic and trade sanctions. All US based businesses and financial organizations are abided to strictly follow these sanctions to meet foreign policy and national security goals. An agency publishes and maintains a list called SDN or Special Designated Nationals. This list includes names of individuals/groups/organizations those are prohibited to do business deals with US based business companies and organizations. This SDN list has names of terrorist organizations, individual terrorists and state sponsors of terrorism such as Iran and North Korea which are abandoned to do business and deal with all US based companies. These imposed sanctions help US citizens or residents to deal financial procedures widely and legally. It also helps to keep a check on deals and keep rules and regulations of nation to meet foreign policy and national security goals. Any individual or company involved in matters related to OFAC should approach Law firm. Such matters are very sensitive and serious that is why it is important to approach professionals and highly skilled lawyers or attorney dealing with such matters. As such matters are really very complicated, people need lawyers or attorneys having specialized knowledge to handle cases.