50096
Lord Norman Lamont ,the chairman of the British Iranian Chamber of Commerce met Gholamhossein Shafei, the head of ICCIMA on Saturday.
Lord Norman Lamont ,the chairman of the British Iranian Chamber of Commerce met Gholamhossein Shafei, the head of ICCIMA on Saturday.

UK Banks in Talks With OFAC to Ease Iran Hurdles

UK Banks in Talks With OFAC to Ease Iran Hurdles

British banks are in talks with the US agency that is charged with planning and execution of economic and trade sanctions in order to facilitate the reestablishment of links with their Iranian counterparts, said the special envoy of UK prime minister to Iran.
“To ease the process of connecting with Iranian banks, officials and representatives of British banks are negotiating with the OFAC,” Lord Norman Lamont was quoted as saying in Tehran by the news website of the Iran Chamber of Commerce, Industries, Mines and Agriculture.
“The issue has not been left stagnant and representatives of British and European banks are working hard to receive necessary guarantees relating to Iran from the US.”
The British politician, who is also the chairman of the British-Iranian Chamber of Commerce, was meeting with Gholam Hussein Shafei, the head of ICCIMA.
The former chancellor of the exchequer added that as is the case for Iranian banks, restrictions imposed by the US are also a problem for British banks. “At the meeting I had with (US secretary of state) John Kerry and an OFAC representative, he emphasized that Europe must have (restore) its banking ties with Iran and that the problems that have arisen were not anticipated.”
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the US Treasury Department charged with planning and execution of economic and trade sanctions.
Shafei referred to the recent developments in Britain, namely the June vote to leave the European Union, calling it a window of opportunity to increase commerce between the two countries.
“A need for non-European markets can prove to be an opportunity to expand deal with Iran as a country that has previously worked with the UK and lead to closer bilateral and multilateral collaboration in the region,” he said.

 

Short URL : https://goo.gl/b7hWD3
  1. https://goo.gl/wg7zbF
  • https://goo.gl/tXcPnG
  • https://goo.gl/Y1ZbNh
  • https://goo.gl/j1qDbZ
  • https://goo.gl/7SNSiO

You can also read ...

Iranian Private Bank Opens Representative Office in Italy
Saman Bank, a leading private Iranian lender, Wednesday...
Iran ranks 102nd in 2017 in ease of starting a business.
In light of the World Bank Doing Business 2017 report that...
Jebel Ali Port played an active role in UAE-Iran trade, which mostly came in the form of reexports during the sanction years.
The UAE was Iran’s second biggest export destination, following...
Kandla Port is one of India’s largest ports run by the central government and the second largest among all the commercial ports in the country.
Indian Prime Minister Narendra Modi said Kandla Port in Gujarat...
Banks’ Investment Regulations Announced
The Central Bank of Iran has called on banks and credit...
Iran's Oil Minister Backs Extended OPEC Deal, Says Iranian Cuts Unlikely
It is unlikely that Iran will reduce its crude oil output but...
IRICA Moves to Ease Imports
The Islamic Republic of Iran Customs Administration has...
Iran Elections Strengthen Trading Conditions
Following President Hassan Rouhani’s reelection this weekend,...

Trending

Googleplus