One of the biggest obstacles for companies looking to do business in Iran is the ability to make and receive payments. This practical workshop will examine the challenges that banks face when processing payments and accounts in this region and how they can be overcome. It will help you to establish a compliant strategy to make and receive payments out of Iran.

• How can international companies make and receive payments when doing business in Iran?
• How do you facilitate the transfer of funds to and from Iran?
• An overview of the different options – banking services, letters of credit and trade finance credit transactions
• Establishing a practical and compliant payment strategy for business transactions
• Acceptable payment structures for Iranian business transactions
• How to structure your payment routes
• What due diligence processes have to be followed to make sure that you can get paid and that you get paid legitimately?
• Screening requirements for Iranian transactions: which red flags to watch out for
  • how to determine if a payment channel is legitimate
  • how to return money if you find out it has not been sent through legitimate channels
• Breakdown of Iran sanctions relief and the banking framework
• Sanction compliant methods to receive payments out of Iran
• Enhancing your due diligence and screening
• What happens if an Iranian company opens bank accounts in Europe, is that feasible?