Transfer of funds authorisations - Ministry for Foreign Affairs
Transfer of funds authorisations
The authorisation and pre-notification procedure previously in place for transfers of funds to and from Iran is no longer applied from 16 January 2016.
A specific restriction imposed by EU sanctions was that a prior authorisation granted by the Ministry for Foreign Affairs was required for transfers of funds above the specfied thresholds and a prior notification was required for all transfers of or above EUR 10,000.
Prior authorisation and notification was required for transfers of funds to and from Iranian persons, entities or bodies. These restrictions on transfers of funds were lifted as of 16 January 2016.