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Division 5 ‘National Defense Authorization Act for Fiscal Year 2012’

United Kingdom

Original text. Later amendments are not shown.

Required compliance:

  • Not to knowingly conduct or facilitate any significant financial transaction with the Central Bank of Iran or another designated Iranian financial institution (applies to foreign financial institutions).

  • Exceptions for food and medicine-related transactions and for petroleum-related transactions under specific circumstances.

Possible damages to EU interests:

Civil and criminal penalties; prohibitions and limitations to the opening and maintenance of correspondent accounts in the USA.