What sort of “severe consequences” face companies and individuals that continue to trade with Iran despite US sanctions on the country? | LegaMart

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QuestionOct 4, 2020 - 8:54

What sort of “severe consequences” face companies and individuals that continue to trade with Iran despite US sanctions on the country?

What will happen if a company defies the sanctions imposed by the US on Iran?

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Saba Bagherzadeh

New York City, United States

Oct 10, 2020 - 18:02

It depends on the type of your corporation and if you have any transactions with or any corporation in the US. Companies may be subject to different policies like asset freezes, import tariffs, trade barriers, travel restrictions, and embargoes.

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