There remains some sanction between the UK and Iran, but none that would affect 95% of business or personal transfers. The US unilaterally pulled out of the JCPOA Agreement which lifted sanctions with Iran and re-imposed their sanctions. However, the UK and EU have honoured the agreement and therefore it is not unlawful to transfer funds from Iran to the UK. In practical terms, it is not easy and in this article, Iran sanctions money transfer, we take a look at the process involved.
Free Initial Telephone Discussion
For a free initial discussion on how we can help you with the legal aspects of transferring funds from Iran, get in touch with us today. We will review your situation and discuss the options open to you in a clear and approachable manner. Early expert legal assistance can help avoid the stress of dealing with these issues on your own and this is especially so with banking issues that may arise if you have not sought advice early. Simply call us on 0345 901 0445 or complete our online enquiry form and a member of the team will get back to you.
Options
There are at least 3 ways to transfer funds from Iran and we have experience with all 3. Whether using a money exchange company, a straightforward Hawala payment or best of all a bank to bank transfer. We can navigate you through the options and advice on the pros and cons for your particular situation.
Risks
Although it is lawful to receive funds from Iran, some of the systems are not transparent and require proper due diligence prior to transferring funds, because these are some of the issues that can arise if not done correctly:
- Funds go missing
- Your UK bank account is frozen
- Your UK bank account is closed
- There is an HMRC or police investigation into you.
This can be very stressful and impact on all parts of your life so it is really important that you take advice before transferring any funds.
How we can help
We have a proven track-record of helping clients of all sizes. We will guide you through all the necessary legal due diligence in a comprehensive and timely manner. We firmly believe that with the right solicitors by your side, the entire process will seem more manageable and far less daunting.
How to Contact our expert Solicitors
It is important for you to be well informed about the issues and obstacles you are facing. However, expert legal support is crucial in terms of saving you money and ensuring you achieve a positive outcome.
To speak to our Specialist solicitors today, simply call us on 0345 901 0445, or allow a member of the team to get back to you by filling in our online enquiry form. We are well known across the country and can assist wherever you are based. We also have offices based in Cheshire and London.
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