US and Switzerland finalize trade agreement for humanitarian aid to Iran

Viewpoints
March 3, 2020
1 minutes

Following from the US Department of Treasury’s announcement of a mechanism to facilitate humanitarian trade with Iran from October 2019, the US and Switzerland have now finalised the Swiss Humanitarian Trade Agreement (SHTA) to further facilitate the flow of humanitarian goods to the Iranian people.

The SHTA includes enhanced due diligence guidelines to ensure financial institutions do not facilitate improper sanctions evasions.