July 16, 2015

Reuters quoted Ed Wilson on Iran deal’s impact on banks

1 min

Venable partner Ed Wilson was quoted in a July 16, 2015 Reuters article on what the recent agreement with Iran aimed at curtailing the country's nuclear program means for the financial services sector. Under the deal, only sanctions enacted because of Iran's nuclear program will be scaled back leaving others for terrorism, missile development and human rights violations in place.

Restrictions on banking with Iran will be lifted after the International Atomic Energy Agency verifies Iran is keeping to the terms of the deal. “There’s a real hesitancy for the right reasons,” said Wilson. "The banks don’t want to get into trouble."