Iran has gradually, over the last two years, fallen under increased pressure tactics from the western world in protest to its nuclear programs. The European Union was the latest to recently impose sanctions by restricting financial transactions with Iranian banking institutions, thus adding an important economic blockade already in place by the international community.
In light of the current situation, and its effect on the immigrant investor industry in Canada and around the world, Arton Capital and its affiliated companies took all steps necessary to perform additional due diligence in compliance with the imposed sanctions by applying for special exemptions for all Iranian clients.
We are happy to announce that we have obtained approval for all our clients. Permits pursuant to the Special Economic Measures (Iran) Permit Authorization Order have been issued by the Minister of Foreign Affaires as of October 31st, 2012.
Please contact your Relationship Manager to learn about the next steps in the process of your clients’ investment progress.
As we often work with governments in public-private partnerships, we take due diligence and compliance very seriously and we are happy to have had obtained approval for 100% of our clients.
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