Article
Source: Arab Banker
Article
10.07.16
With nearly a year passed since the landmark deal to end nuclear-related sanctions on Iran, Arab banks are now weighing their options for engaging in business with Iran or in processing Iran-related transactions. Of course, many challenges remain in doing this, but over time business with Iran should normalize to a significant degree for non-U.S. banks.
But this does not mean that Arab banks no longer face risks from U.S. law enforcement agencies. In fact, U.S. enforcement agencies have been emboldened by the way in which economic sanctions and anti-corruption laws have succeeded in changing the behavior of non-U.S. banks and companies.
In this article, partners James Campbell and Stephen Huttler describe U.S. plans to pursue those they suspect of facilitating tax evasion or money laundering overseas.