Swen Scholtyssek / »The increasing importance of compliance« / HANSA-Forum 2018
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US Sanctions against Iran<br />
What do the US sanctions against Iran prohibit?<br />
— No trade with Iran or Iranian entities, or with third parties related to Iran<br />
— No transactions with Iran entities<br />
— No recapitalisation with Iranian banks or financial institutions<br />
— No business with shipping companies from Iran<br />
— No shipping <strong>of</strong> Iranian goods or on vessels under Iranian flag<br />
— No docking or mooring <strong>of</strong> vessels in Iranian harbours<br />
— Even in the case <strong>of</strong> damage, docking in an Iranian harbour might be an issue<br />
— If US-insurance companies are involved, the insurance cover might be at risk<br />
So what do you do? Follow the<br />
US-sanctions?<br />
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affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The name KPMG and the logo are registered trademarks <strong>of</strong> KPMG International.<br />
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