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Iran deals: The devil's in the details

Firms contemplating business in the country must still cross a minefield of complex US regulations

In January 2016, after the nuclear deal, the US lifted many sanctions on Iran, allowing non-US companies and foreign subsidiaries of US firms to resume business there. Some firms have found eager Iranian buyers for their products, particularly in the petrochemical and extractive industries. But many have ignored mandatory US Securities and Exchange Commission (SEC) reporting requirements that can be triggered by legal dealings with Iran. The lifting of sanctions didn't mean carte blanche authorisation for all Iran business. Non-US companies can still be penalised by the US if they transact with blacklisted Specially Designated National (SDN) Iranian firms, entities, or individuals. This req

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