We have had to change the arrangement for meeting our visitors from Iran. We will no longer be holding the Reception at the Travellers Club on the evening of 23rd May, but will instead hold an Iranian afternoon tea at our Offices from 3pm-5pm on the same day, 23rd May.
For more information, please click here.
Latest News from BICC
- The European Court of Justice has annulled EU sanctions imposed on Bank Saderat and Bank Mellat, but the European Council has lodged appeals against the annulments. Click here for more details.
- There has been a significant change in UK sanctions on Iran, which brings them in line with recently agreed EU sanctions. Whereas previously UK sanctions prohibited dealings between UK financial institutions and Iranian banks, now, subject the HM Treasury authorisation, it is possible to receive payments from Iranian banks which are not subject to an EU asset freeze - there are a number of such banks. Nigel Kushner, a BICC Board Member, explains this in more detail here.
- Please click here to read about the unmaking of sanctions on Iran, set in the context of how they were put in place. This document is a useful background to the series of talks, which began in Almaty in February, between Iran and the P5+1 group of countries (US, Russia, China, UK, France and Germany), which raised fresh hopes that the Iran nuclear disagreement may be open to a diplomatic solution.
- The latest Economic Focus, Winter 2012 - Issue 17, is available to download from our publications section
Member's Meeting 8th March 2013
Trade Restrictions on Iran
BICC requires all Members, as a term of Membership, to observe applicable UN, EU and UK sanctions and recommends that they take account of US and other sanctions law where it might affect them directly or indirectly.
BICC is able to provide understanding of the sanctions and help in compliance.
For a comprehensive view on this subject, please go to our trade restrictions page.