European authorities have announced that a new payment system will be established to “facilitate legitimate financial transactions with Iran”, after the US reinstated its sanctions programme against the country.
Ministers for China, France, Germany, Russia and the UK — signatories of the Joint Comprehensive Plan of Action (JCPOA) — have convened with Iranian representatives at the UN’s New York headquarters to reiterate their commitment to keeping commerce open.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.