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(Market Watch) Jonathan Schanzer and Amir Toumaj - A year ago, it would have been unthinkable for major U.S. corporations to do business with the world's leading state sponsor of terrorism. Yet aircraft juggernaut Boeing is now poised to sell planes to the Islamic Republic. American companies should know better. The financial risks of dealing with Iran are well-established. Iran ranks 130 out of 168 on the corruption index at transparency.org. The Islamic Revolutionary Guard Corps controls roughly 35% of the formal economy and wields significant influence over the black market, too. Jonathan Schanzer, a former terrorism finance analyst at the U.S. Department of the Treasury, is vice president for research at the Foundation for Defense of Democracies, where Amir Toumaj is a research associate. 2016-07-14 00:00:00Full Article
Why Boeing Shouldn't Do Business with Iran
(Market Watch) Jonathan Schanzer and Amir Toumaj - A year ago, it would have been unthinkable for major U.S. corporations to do business with the world's leading state sponsor of terrorism. Yet aircraft juggernaut Boeing is now poised to sell planes to the Islamic Republic. American companies should know better. The financial risks of dealing with Iran are well-established. Iran ranks 130 out of 168 on the corruption index at transparency.org. The Islamic Revolutionary Guard Corps controls roughly 35% of the formal economy and wields significant influence over the black market, too. Jonathan Schanzer, a former terrorism finance analyst at the U.S. Department of the Treasury, is vice president for research at the Foundation for Defense of Democracies, where Amir Toumaj is a research associate. 2016-07-14 00:00:00Full Article
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