Peters & Peters

Partner Anna Bradshaw comments on Iran nuclear deal

Anna Bradshaw is quoted on the practical difficulties in connection with the implementation of the Joint Common Plan of Action (JCPOA) on Iran, as a result of parallel anti-money laundering and counter-terrorist financing standards produced by the Financial Action Task Force (FATF).  Anna notes, “Trade with Iran is ostensibly encouraged, in recognition of the key importance of trade for the success of the JCPOA, yet no steps have been taken to address the obvious obstacles to such trade: the reluctance of financial institutions worldwide to engage in any Iran-related transactions for fear of long-arm US enforcement action as well as money-laundering risk.” Read more.

Related expertise