May 2025 – Elite Pars Law Firm

25 May 25

Iran’s Ratification of the Palermo Convention: A New Chapter in Financial Transparency and Sanction Relief

The Palermo Convention, formally known as the United Nations Convention against Transnational Organized Crime, is the principal international instrument addressing transnational crime. It entered into force on September 23, 2003, and is accompanied by three protocols related to human trafficking, the smuggling of migrants, and the illicit manufacturing and trafficking…

20 May 25

New Threshold for Small Transactions Has Been Set

According to Article 3 of the Tender Act enacted in 2005, transactions are categorized into three types: small, medium, and large, based on their threshold value. At the beginning of each year, the Ministry of Economic Affairs and Finance proposes the threshold to the Council of Ministers, using the price…

05 May 25

Iran establishes a currency investment fund

Iran is planning to establish a foreign investment fund to help regulate its informal currency market and consolidate foreign currency resources. At present, individuals cannot open cash-based foreign currency accounts at banks, and banks only charge for safekeeping. In response to these constraints, the government is introducing a new policy…