| Description |
1 online resource (11 pages) |
| Series |
Occasional paper / Royal United Services Institute for Defence and Security Studies, 2397-0286 |
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RUSI occasional paper. 2397-0286
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| Summary |
The issue of Iran's access to the financial system is now proving to be a critical component of the overall health of the Joint Comprehensive Plan of Action (JCPOA), which was formally implemented on 16 January 2016. The JCPOA requires Iran to restrain its nuclear programme and increase international oversight of it, in return for the lifting of UN, EU and US sanctions that had been put in place over the nuclear issue. Almost a year after it came into effect, not all the aspects of the agreement (and the non-proliferation objective it serves) are fully operational. These dynamics have wider repercussions, including on the global discussion over counter-proliferation finance (CPF) initiatives. A review of the relationship between the JCPOA and this CPF agenda is both timely and necessary. This paper considers how financial institutions have approached the lifting of specified Iran sanctions, and what this means for efforts to counter proliferation finance. It highlights that financial institutions of different sizes and with varying global reach have approached re-engagement with Iran in different ways, mostly as a result of their continued sensitivities to remaining US sanctions. This paper also identifies a concerning trend: with the majority of UN and EU sanctions against Iran now gone, as well as US secondary sanctions affecting non-US companies doing business with Iran, it is becoming more difficult to mobilise and direct a concerted global effort to counter proliferation financing. This challenge must be borne in mind as states seek to revive an international discussion over the future of CPF initiatives |
| Notes |
"December 2016." |
| Bibliography |
Includes bibliographical references |
| Notes |
This study was conducted with generous support from the John D and Catherine T MacArthur Foundation |
|
Online resource; title from PDF cover page (RUSI, viewed January 23, 2017) |
| Subject |
Nuclear nonproliferation -- Iran -- International cooperation
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Economic sanctions -- Iran
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Economic sanctions.
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International economic relations.
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Nuclear nonproliferation -- International cooperation.
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| SUBJECT |
Iran -- Foreign economic relations
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| Subject |
Iran.
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| Form |
Electronic book
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| Author |
Berger, Andrea, author
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|
Keatinge, Tom, author
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Royal United Services Institute for Defence and Security Studies, publisher.
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