News of the relaxing of nuclear-related sanctions against Iran has been met with significant interest from the business community. Firms from a range of sectors have announced their intentions to enter the Iranian market, and several European trade delegations are expected to visit Tehran in the coming weeks.
The re-opening of the Iranian market presents much opportunity, especially for the Oil & Gas sector, but also continues to pose significant risk. Third-party and reputational risks from politically exposed and sanctioned individuals will be high, and due diligence on business opportunities will be essential.
KPMG’s forensic Corporate Intelligence team has put together a note looking at some of the risks and opportunities that organisations may face when entering the Iranian market.
About the author
Alexandra Maddy is director with KPMG int he UK and UK Head of Corporate Intelligence, Forensic