OFAC rules on money transfer to Iran

If you own a company in US then make sure that you must not make any kind of partnerships and deals with the countries included in the SDN list. These countries are Iran, Korea and Iraq. These companies come under the OFACs SDN list which includes terrorist organization and business people who are making illegal trades. According to OFAC it’s prohibited for a company to indulge in business mattes with such people, organization or a country. It abides business people and organization to conceive transaction with their overseas partners if they are included in SDN list. Being a US citizen you must follow all the rules of Iran Sanctions  and regulations listed under OFACs guidelines. You must seek permission from the foreign assets control before many any transaction to IRAN.  

Even if you have to make a small money transfer you have to ask for the permission. If you are thinking that why this matter is so serious then you should know that countries like Iran are hub of illegal activities and terrorist organizations. As OFAC is controlling and monitoring every kind of exchange and transfer of fund to protect national security of United States, it’s a matter of concern for everybody to remain aware of such tasks. They have taken this step to stop terrorist attacks and deals taking place between two organizations. In the name of goods people are transferring dangerous objects inside small- small packages and because of them terrorist attacks are increasing day by day. 

OFAC and their methods are the best way to control such activities. If one of your friend or relative is in Iran and it’s urgent for you to transfer money then you must seek permission from OFAC. They will check your case thoroughly and if you are on the right side then they will help you in every possible manner. It’s wise and recommended to consult a lawyer for such tasks as they have adequate knowledge to carry out the procedures. You can search for an attorney or firm online. Hiring a reputed firm will help you to get desired results. Ferrari legal is one such firm specializes in money transfer cases to Iran. You can also seek their help if your name is appearing on the SDN list. 

These attorneys are well aware of OFAC rules and are experts in the field and financial transactions. There rates are available and they will consult you in the best possible manner. If by any mean you violated the rules and regulations of OFAC then the government will take strict actions against you. So before making any transaction to Iran or any other country it’s wise to check SDN list first.

Get the best representation for your legal needs

Having a lawyer today is as important as having a financial advisor. The legal world has become so complicated and vast that keeping track of the changes that occur in the framework along with maintaining your business has become difficult. For this reason the need of a legal advisor has arisen. Along with a legal advisor it is also necessary that you should hire the best lawyers so that you can be sure that the legal advice you are being given is sound and worth trusting. This highlights the need for the legal counsel to be reliable and trustworthy. 

At this juncture, since so many characteristics of the right legal counselor have been highlighted, it can be said that Ferrari and Associates meet all of these specifications. They have been one of the best firms in this field and have helped lots of clients find sound and effective solutions to their legal problems.

They are active involved in the fields of criminal law, federal employment matters and OFAC representation. OFAC stands for the Office of Foreign Assets Control. The firm has a vast amount of experience in representing clients who have had cases pending before the OFAC or have been charged or been involved with crimes of a federal nature of international nature. There are very few firms who handle matters of this nature and even fewer who can resolve them with the effectiveness of this firm since this is a very complicated matter. There is an official OFAC SDN list and protocols which need to be followed and for which there are a lot of legal provisions that need to be kept in mind. The firm has been able to resolve a lot of cases successfully till date which includes removal of SDN designations and counseling on export controls.

It is important that in matters of this nature which involves the OFAC SDN list you should have expert counsel because any mistake in filing papers or submitting documents on your end can result in massive financial and monetary loses which would not be good for your company. The firm can be of immense support when you have to get licenses from the government for imports from Iran or for sending money to charities or giving loans for which you need specific clearances. These are complicated matters where the right guidance would make all the difference.

U.S takes necessary steps to enforce Iran Sanctions

In the gone last week, on April29, 2014 the US has taken serious steps to enforce the Iran Sanctions. It has further blocked eight Chinese companies, one Dubai Company and other twp executives in the SDN list. They are blacklisted for dodging the American restrictions concerned with the Iranian weapons, banking and oil transactions.

The government has announced a prize of $5 million for providing any information linked with the Li Fangwei. The government is keen to arrest as he is one of the most sought out sanctions target who is charged of encouraging the procurement of Iranian weapons. Li Fangwei is also popularly known as Karl Lee. He is basically a Chinese businessman.  The prize is offered by the government in association with Treasury, State and Justice Departments.

Recently the eight companies included in the blacklist are said to be of Karl Lee. Apart from it, he is also wanted in many other federal offenses. He has not complied with the Iran sanctions. He is involved into many charges including money laundering, wire fraud and bank fraud. With this, the US has made it clear that it will use the enforcement as and when required. It is the first strict American sanctions against Iran in last three months. The step is termed as very crucial as it has erased all the misconceptions about any change of economic relations with Iran. From last some time, there was some news that government is taking significant measures to ease Iran sanctions. It wants to normalize economic relations with Iran. 

There was some modest thaw noticed between Iran and the United States. All these softening talks took a note when the two countries started seeking peace on the Iran’s disputed nuclear program. However, excluding some sanctions, all the restraints are still there in all the dealings related with Iran.

The US government has taken the sanctions evasions matter very seriously. The country had always adopted a tough stance when it came to Iran Sanctions. Iran has to carefully take all the steps and decisions pertaining to the procurement of nuclear weapon.

Hire the best lawyer for OFAC SDN list removal

SDN stands for specially designated nationals and blocked person which includes terrorist organizations, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. It is a part US foreign policy with an aim to stop the terrorist and other illegal funds from circulating and opposes any kind of trade relations with targeted foreign countries. OFAC and its SDN list are to be followed by all the US citizens and US business before making any business contact with the overseas companies. 

It also includes the nation supporting terrorist organizations like Iran, Iraq, and Korea. US businesses are strictly prohibited from dealing with SDNs and if they do they can suffer from serious consequences. It is therefore important for US persons to check OFAC's website on a regular basis to have an updated and latest OFAC SDN list.

The rules and regulations of OFAC are strict and also control the money transfer between two restricted nations. You should not take these laws lightly and follow them seriously so that it will not include your companies name in the SDN list. Persons and business people keep on changing their identity to remain unidentified from OFAC and regulating their illegal transactions. No matter where they are located, if they appear in the SDN list, then U.S. persons cannot enter in any kind of business transaction with them.

In some cases business companies and individuals are included mistakenly in the list. During such scenario one should file for the OFAC SDN list removal. If you happen to be one of those individuals or owner of a business whose names have been listed on OFAC SDN, then you can avail the services of certain law firms which hold expertise in matters related to OFAC.This process is complex and time consuming so it’s better to hire a law firm who has expertise in such process. These firms specialize in SDN list removal and have in-depth knowledge and experience to deal with such cases. There are several law firms providing legal support and assistance to their clients for justice. You can search them on internet.

 If you don’t want your property to get seized then approach these law firms for OFAC SDN list removal.   US business companies are not allowed to do the business with individuals or firms being sanctioned by the United States and listed under the SDN list. This list contains names of the individuals and firms that have been involved in any activity related to the US security threats and anti-national activities and it came into process to control the activities that may lead to the threat of national security.

OFAC rules and regulations for money transfer

US business companies and their partners and have to follow all rules and regulations referring to the OFC SDN list to ensure that companies do not willingly do business with terrorist organization and other entities. US business companies are not allowed to do the business with individuals or firms being sanctioned by the United States and listed under the SDN list. The SDN lust includes terrorist organization and business people who are making illegal trades with countries like Iran, Iraq and Korea. If you are an US citizen then you have to follow very rules and regulation of OFAC. You cannot make money transfers to countries like Iran and Iraq without having permission from OFAC.
US businesses are strictly prohibited from dealing with SDNs and if they do they can suffer from serious consequences. 

It is therefore important for US persons to check OFAC's website on a regular basis to have an updated and latest OFAC SDN list. It is a part US foreign policy with an aim to stop the terrorist and other illegal funds from circulating and opposes any kind of trade relations with targeted foreign countries.

There are some separate rules and regulations regarding financial deals with Iran for all businesses in US. SDN stands for specially designated nationals and blocked person which includes terrorist organizations, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. In some cases business companies and individuals are included mistakenly in the list. During such scenario one should file for the OFAC SDN list removal. If you happen to be one of those individuals or owner of a business whose names have been listed on OFAC SDN, then you can avail the services of certain law firms which hold expertise in matters related to OFAC.

Any business organization or companies and US citizen are not allowed to do any kind of business or deal with Iran for example, they cannot buy, sell, and even cannot transfer money to Iran. In case you want to Transfer Money to Iran and the organization is included in this list, then it is always better to consult a lawyer who is expert in such matters. There are many lawyers and firms that will help you in transferring money to Iran or other OFAC related issues. These attorneys are well aware of OFAC rules and are experts in the field and financial transactions. The process is complex and time consuming so it’s better to hire a law firm who has expertise in such process. The firms like Ferrari- legal specialize in SDN list removal and money transfer and have in-depth knowledge and experience to deal with such cases

ASK OFAC Before you transfer money to Iran

The Iranian Transaction Regulations enforced by Office of Foreign Assets Control (OFAC) has to be followed by the individuals and organizations when they enter into the business transactions with Iran. Even it has a set of regulations which covers the various processes like transfer money to Iran. OFAC keeps an eye and controls the transactions to Iran. Without any proper knowledge of Iran sanctions, you can lend yourself in trouble. Know about the OFAC regulations before even you think to transfer money to Iran or vice-versa. Therefore it is wise for the businessmen, organizations and individuals to have a comprehensive guide which can let them help them to deal with Iran sanctions and the regulatory obligations when one has to transfer money to Iran.

No one can underestimate the importance of a comprehensive guide required to know about the various Iran sanctions. You can even consult professional experts to get the details and allow them to guide through the most complex transaction process. The help guide is the key which helps the attorneys, business people and individuals to stay updated with OFAC guidelines. One can refer to such guide to quickly identify with the ways to push through the regulatory mess.

Iran sanctions started with a simple restriction of exports and imports and have changed the phase a lot more in last few years. OFAC regulations are quite complex and tough, as in they have many frozen bank accounts and assets held Iran amounting to a huge sum of cash. It is therefore suggested to tread carefully when transacting with the Iranian financial institutions and individuals alike. Businesses should also refer to the Specially Designated Nationals or SDN list to check the blocked entities with whom you cannot enter in any kind of transaction. To know the specific details feel free to contact the OFAC specialist attorneys.

Before you transfer money to Iran make sure that you are complying with the rules and regulations led by the OFAC regulatory sanctions. Never think to go against them as they can fetch problems for you. Comply with the various guidelines and stay updated with the most detailed and up-to-date legal remedies and frameworks that can help make the whole process less bothersome. Buy the guide which is latest on stands and covers all the updates of ISR. With the help of book you are sure to stay out of the legal problems.

Iran Sanction Book:-U.S Sanctions Against Iran

There are very complex Iranian transactions regulations and it is very difficult for people to transact with Iran. There are thousands of laws and regulations, legal procedures and tons of laws for transacting with Iran. It is very difficult for the people to understand them and how to act according to them. In such cases you can only do is to associate hands with the legal firms those re having specialization in handling such procedures. They are going to guide and make the Iran sanctions process easy for you.

Iran sanction book

 On the internet, you are going to find firms that have specialization and provide you lots of legal help. These guides are devoted to the economic sanction programs of united state.  With the help of this guide anyone from business people to compliance officers can seek help. They can find information and a way out to navigate the complex regulatory schemes of the complex Iranian transaction regulations. This guide is written for both legal professionals and business people and is of great assistance. On the website you are going to find the latest publication of the Iranian transactions regulations by OFAC. There are several renowned professionals associated with the firm that is constantly updating the guide to the legal procedures.

In the website you are also going to find a plethora of information on the sanction laws that is a useful resource for those who are seeking information on OFAC sanction programs. Here you are going to find information on the latest developments in the economic sanctions, U.S. and also offers an explanation of their practical applications.

Banking with Iran

Iranian financial institutions are debarred from having direct access of the U.S financial system, but they are also allowed to do transactions directly with the help of the banks in other nations. There are several banks we cannot deal with the United States banks. These banks are also placed on the OFAC- office of foreign assets control. There are several other ways by which transactions can be done, but it requires huge information on how doing it legally. On the internet, you are going to find legal firms and guides that can help you in this matter. These guidelines can serve you in the right matter and help you in completing your transaction and Iran Sanction process legally. You can even contact them online by filling a short query form.