Following the removal of sanctions imposed to Iran as well as
the resulting reopening of Iran to the international banking system
after the, Saman Bank - one of Iran's private banks - announced
the opening of its office in Italy, Europe during May 2017.
The target of such a development is to provide a simpler method
for direct transactions with Iranian Banks.
Additionally, according to TCCIMA, the Italian Banca Popolare di
Sondrio has agreed to perform money transfer services with Iranian
Banks at a 0.15% fee. These transactions would be in line with FATF
rules and regulations. It is worth noting at this point that Iran
hopes to be removed from the FATF blacklist in July.
Of note is also the fact that Banca Popolare di Sondrio Bank
services are available both to Iranian businesspeople as well as to
Iranian students living in Italy. The bank has also stated that it
will provide funding and investment consulting services to European
companies and individuals
