Bayat: CIPs’ Blanket Bans on Iranians are Draconian and Bad for Business

This article was contributed by Sam Bayat, head of Bayat Legal Services. Saint Lucia will no longer accept citizenship by investment applications from Iranian citizens residing in Iran – or elsewhere – ostensibly because background information cannot be reliably verified in Iran and because the banks will not facilitate the transaction. There is, however, more

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Quis Custodiet IPSA? Due Diligence Firm Settles Iran Sanctions Violation Case

IPSA, a world-leading due diligence and risk mitigation firm, has agreed to pay US$ 259,200 to settle what the Office of Foreign Assets Control (OFAC) identifies as violations of American sanctions regulations on trade with Iran, in connection with due diligence work it performed on behalf of a Caribbean CIU. “IPSA International Services, Inc. (IPSA),

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