Transparency of permissible trade supporting Iranians

The Treasury and State Departments have announced a new humanitarian mechanism to ensure unprecedented transparency into humanitarian trade with Iran. The mechanism will help the international community perform enhanced due diligence on humanitarian trade to ensure that funds associated with permissible trade in support of the Iranian people are not diverted by the Iranian regime to develop ballistic missiles, support terrorism, or finance other malign activities. Treasury and State will establish a process to help ensure that participating governments and financial institutions commit to conducting enhanced due diligence to mitigate the higher risks associated with Iran-related transactions.