Jun 14 Over-Compliance on Iran Sanctions Can Lead to Discrimination

Tom Keya

Policy

◢ Ireland’s Workplace Relations Commission has fined an unnamed bank EUR 20,000 for discrimination against an Iranian couple. The ruling points to a growing case precedent in Europe on acts of sanctions over-compliance which lead to discrimination of Iranian persons or individuals and businesses who maintain financial links to Iran.

May 4

May 4 The New "Normal": Why the World's Banks Need to Rethink Iran

Daniel Khazeni-Rad

Economy

◢ Bank account closures of British-Iranian citizens underline the deep fear among banks of Iran-related transactions.

◢ Successful sanctions relief will depend on a concerted effort to raise the comfort level of banks with the compliance and regulation around Iran business.