Thursday, 18 July 2013

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.

No comments:

Post a Comment