AIC's President Interviewed about New OFAC Guidelines

AIC's President Interviewed about New OFAC Guidelines

Originally Published by Trend News Agency

US Treasury's recent decision easing deals with Iran will not reduce the fear that large banks have of dealing with Iran, believes Hooshang Amirahmadi, president of American Iranian Council.

"Major global banks can't absolutely make certain that they will be able to isolate completely US dollars coming out of commercial transactions with Iran and the banks cannot guarantee that those dollars will not enter the US banking system and so the banks will not want to risk losing their banking licenses if their monitoring systems fail them - so they will avoid the transactions," Hooshang Amirahmadi told Trend.

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