Farhad Alavi Quoted in Money Laundering.Com Article

Moneylaundering.com, a premier industry newssite aimed at the financial sector, quoted BHFA Law Group, PLLC partner Farhad Alavi in an article titled U.S. Guidance on Latest Iran Order Leaves Due Diligence Unclear: Sanctions Experts.  In the article, Mr. Alavi refers to the recent designation by the Office of Foreign Assets Control (OFAC) of Bank Tejarat, and the fact that banks generally adopt more conservative positions than those required by the confines of the law. The designation of Bank Tejarat narrows the window of permissible banks for Iran trade to private banks in Iran such as Karafarin Bank, Pasargard Bank, and Saman Bank.

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