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What Is Preventing International Companies from Doing Business with Iran Again?
(Forbes) Dominic Dudley - There are a number of factors still limiting international investment in Iran. International companies need to be able to move money in and out of the country, but some large international banks that were caught evading sanctions in the past remain wary. There are still several groups of sanctions that remain in place, designed to punish the country for human rights abuses and terrorist financing. The Iranian Revolutionary Guards Corp (IRGC), still firmly under international sanctions, has tentacles that reach into almost every economic sector. It is extremely difficult for an international company to be sure that it is not doing business with the IRGC.