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FOR IMMEDIATE RELEASE
November 28, 2016
UANI WARNS FRANKFURT CONFERENCE
OF DANGEROUS IMPLICATIONS OF DOING BUSINESS IN IRAN
UANI highlights Iranian regime's history of Holocaust
denial coupled with its repeated calls for Israel's destruction
New
York, NY - As German business leaders and
legal experts gather at a Frankfurt business
conference to discuss Iranian market entry strategy, United Against Nuclear Iran (UANI) is
warning attendees of the serious legal, financial and ethical
implications of doing business with the Iranian regime.
Marktchancen
Iran ("Market Opportunities Iran") will be held November
28-29 in Frankfurt,
Germany, aiming to advise interested companies about navigating the
Iranian market.
UANI's advertisement in
the dominant local newspaper, Frankfurter
Allgemeine Zeitung, warns participants that the conference
is encouraging relationships with a country whose "repeated
calls for the destruction of Israel and [...] policy of denying the
Holocaust" were recently condemned in a resolution passed by the
European Parliament. The newspaper message also highlights the myriad
of financial, legal and business risks of being tied to Iran.
"The only
way for German companies to avoid the risks inherent in the Iranian
market is to abandon these business pursuits entirely," said
UANI Senior Advisor and former Director of the Federal Intelligence
Service of Germany Dr. August Hanning. "The Iranian regime
remains a bad actor in the global community, given its ongoing
extensive support of terrorism and its high profile and deliberate
promotion of Holocaust denial. German business leaders should not
reward this noxious regime until substantial and permanent reforms
are implemented."
- Islamic Revolutionary Guard Corps (IRGC) Front
Company Risk: Companies
entering Iran are faced with dealing with front companies
operated by the IRGC, a terrorist organization sanctioned by the
U.S., E.U., and international community. While doing business with
the IRGC is illegal, foreign managers are unable to discern
companies that are secretly operated, managed, and even owned by
the IRGC.
- Sanctions Risk: The
relaxation of E.U. and U.S. sanctions did not end all sanctions
imposed against Iran, and those relating to Iran's sponsorship
of international terrorism and human rights violations remain in
effect despite the Joint Comprehensive Plan of Action (JCPOA).
The penalties for violating sanctions are extremely harmful to
businesses, and with the upcoming political transition in the
U.S., regulatory uncertainty looms larger than ever.
- Reputational Risk: A company that seeks to monetize
opportunities in a country notorious for denying the Holocaust,
sponsoring terrorism, and violating fundamental human rights
will inevitably corrode its reputation with consumers, trading
partners, and the general public. Companies that shortsightedly
choose to turn a quick profit by entering Iran risk collateral
damage to their brand, public standing, and corporate
reputation.
For more
information, or to speak with UANI leadership, please contact: press@uani.com.
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About
UANI
UANI is an
independent, not-for-profit, non-partisan, advocacy group founded in
2008 by Ambassador Mark D. Wallace, Ambassador Richard Holbrooke,
former CIA Director Jim Woolsey, and Middle East Expert Ambassador
Dennis Ross, that seeks to heighten awareness of the danger the
Iranian regime poses to the world.
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