On 6 October, a news release from the EU advised that it had made available 2 free tools for those wishing to do business with Iran –
Due Diligence Helpdesk – provides concrete, tailor-made support to EU SME by carrying out due diligence and thereby checking if specific business projects comply with EU sanctions. In doing so, the platform aims to encourage EU SME to engage in legitimate business involving Iran and provide reassurance to other stakeholders, such as European banks. The Helpdesk will also publish guides, organise trainings and webinars and support business matchmaking events.
Sanctions Tool – is based on an easy-to-use interactive questionnaire. It provides EU SME with a general, non-binding guidance on whether their business projects could fall under EU sanctions concerning Iran.