By PAAIA Staff
June 27, 2011, Washington, D.C.-The Asian Law Caucus (ALC) and many other national Iranian American membership organizations increasingly receive inquiries from concerned community members about the Iran Sanctions.Issues of concern include if and how Iranian Americans in the US can sell their property in Iran, transfer their savings or retirement funds to the US, or support their parents or other family members in Iran. Others want to provide for orphans, donate money to Iranian charities in the memory of a late loved one, or engage in other charitable deeds.
As few understand the complex compliance requirements and severe penalties posed by the Iran Sanctions(including criminal prosecution that can be imposed for violations of these regulations), the ALC has released a Know-Your-Rights publication on the Iranian Transactions Regulations (Iran Sanctions), The Impact of U.S. Sanctions Against Iran on You. The publication provides a general guide to the scope of the prohibited and permissible transactions under Iran Sanctions and illustrates the numerous ways these regulations impact Iranian Americans.
The ALC hopes that the publication provides useful information about applicable requirements to the community while strongly advising that individuals consult with an attorney before proceeding with any actual transactions or dealings involving Iran. To download a copy of The Impact of U.S. Sanctions Against Iran on You, please click here.
About the Asian Law Caucus (ALC)
The mission of the Asian Law Caucus is to promote, advance, and represent the legal and civil rights of Asian and Pacific Islander (API) communities. Recognizing that social, economic, political and racial inequalities continue to exist in the United States, the Asian Law Caucus is committed to the pursuit of equality and justice for all sectors of our society, with a specific focus directed toward addressing the needs of low-income, immigrant and underserved APIs. For more information about the ALC, please click here.