By Maya Lester KC & Michael O’Kane

Bank of England licences to 3 Iranian banks

Following implementation of the JCPOA (see previous blog), the Bank of England has reactivated the licences of Melli Bank, Persia International Bank and Bank Sepah International, Iranian banks that were previously subject to EU and US sanctions, allowing them to resume operations in the UK. The banks must come into compliance with several rules introduced during the period in which…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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