60949
US Citizens May Open Bank Account in Iran
Economy, Business And Markets

US Citizens May Open Bank Account in Iran

The Office of Foreign Assets Control affiliated with the US Treasury Department has allowed American citizens to open accounts in Iranian banks, said the Central Bank of Iran’s deputy for foreign finance.

”According to the latest ruling of OFAC, American citizens, who live in Iran and need a bank account, are allowed to open one in Iranian banks,” Hamid Qanbari also said during a conference on Iran’s nuclear deal on Monday.

In October 2016, OFAC had published guidelines for international businesses, saying some previously prohibited dollar transactions with Iran by offshore banking institutions are now allowed, as long as they do not enter the US financial system.

OFAC also removed a blanket ban on foreign transactions with Iranian firms that may be controlled by an entity or individual subject to US sanctions.

Short URL : https://goo.gl/HMtTIy
  1. https://goo.gl/b1Cn6E
  • https://goo.gl/y0xBDR
  • https://goo.gl/3HhsRO
  • https://goo.gl/1oL5oO
  • https://goo.gl/8ITvVX

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus