Nuclear Issues

36 Items

iran central bank

Flickr

Blog Post - Iran Matters

The Real Threat to the Iran Deal: Tehran's Banking System

| Mar. 23, 2016

Aaron Arnold, Associate of the Project on Managing the Atom at the Belfer Center, writes in The Diplomat that a key threat to the ongoing implementation of the Iran nuclear deal is the risky nature of the Iranian financial sector. While Iran is banking on receiving greater foreign investment, continued problems with the Iranian financial sector, including lack of sufficient regulatory controls and the potential ties to terrorist financing, have made companies cautious about investing in Iran. He suggests that the United States work with Iran to bring its banking system up to the same standard as the global economy, and to consider closer integration of Iran into the world economy in order to preserve the effects of the nuclear agreement.

Blog Post - Iran Matters

Iran Nuclear Deal Implementation Day: A Belfer Center Expert Round-Up

The Iran nuclear deal was officially implemented on Saturday, as Iran successfully fulfilled its initial key nuclear commitments and the international community relieved major sanctions, including unfreezing about $100 billion of Iranian money. Implementation Day was met with applause from deal supporters in the U.S. and Iran, while critics have raised questions about whether Iran will adhere to its requirements and how it will flex its newfound economic power. Also in recent days, the U.S. and Iran agreed to a prisoner swap that led to the freedom of Washington Post reporter Jason Rezaian and others, and negotiated the release of American sailors detained in Iran. What does the arrival of Implementation Day mean for Iran’s nuclear program and nuclear nonproliferation, and how does it bode for the future of U.S.-Iran relations? We asked Belfer Center experts to weigh in on these and related questions.

Blog Post - Iran Matters

What about the integrity of Iran’s financial system?

| Dec. 21, 2015

Aaron Arnold, Associate with the Project on Managing the Atom at the Belfer Center, writes in The Hill that while Iran will soon be getting sanctions relief as the nuclear accord with the P5+1 is enacted, it has not yet taken steps to update its banking system and bring it up to international money laundering and counter-terror financing. He also suggests that in order to balance the competing political and financial concerns at play with sanctions, the international community led by the United States should make clear conditions for both exclusion and rejoining of the international financial system.

Blog Post - Iran Matters

Cardin introduces Iran Policy Oversight Act of 2015

| Oct. 04, 2015

Henry Rome reviews the latest version of the Iran oversight legislation drafted by Sen. Ben Cardin (D, Maryland). Since publishing a “discussion draft” last month, Cardin removed language related to Iranian production of highly enriched uranium (HEU) but retained sections permitting new terrorism sanctions and increasing defense assistance to Israel.

Blog Post - Iran Matters

Banks Will Help Ensure Iran Keeps Promises On Nukes

| Sep. 29, 2015

Aaron Arnold, Associate with the Project on Managing the Atom at the Belfer Center, and Nikos Passas, Professor of Criminal Justice at Northeastern University, argue in The Conversation that Iran's reintegration into the global financial system may in fact make it easier, not more difficult, to monitor Iranian financial activities for illicit transactions. They point to the fact that banks can monitor transactions for entities designated as involved in terrorist or weapons of mass destruction activities by the U.S. Treasury. They also suggest that Iran may adopt stricter money laundering standards in order to increase economic integration. While challenges remain, they suggest that building a public-private partnership between banks and regulators will ensure that Iran will be caught in any illicit financial actions after the nuclear deal.

Blog Post - Iran Matters

How to put some teeth into the nuclear deal with Iran

| Aug. 27, 2015

Dennis Ross, International Council Member of the Belfer Center for Science and International Affairs and David Petraeus, Senior Fellow at the Belfer Center, write in The Washington Post that it is necessary for the United States to continue to project a strong deterrent to Iran in order to insure that it does not develop nuclear weapons after the expiration of the most stringent controls of the nuclear deal. Specifically, they argue that the United States should provide Israel with the Massive Ordinance Penetrator bomb, capable of destroying the most heavily defending Iranian nuclear sites, in order to strengthen the deterrent against trying to break out and built a nuclear weapon.

Blog Post - Iran Matters

Just How Vulnerable is Iran to Sanctions?

| Aug. 11, 2015

Aaron Arnold, Associate at the Belfer Center for Science and International Affairs, writes in The National Interest that contrary to what some have argued, the more Iran is connected the to global economy, the more vulnerable it is to the snapback sanctions measures built into the Iranian nuclear deal. He argues that as Iran becomes more connected to the global economy, the American dominance of financial markets and the importance of the dollar as a global currency will mean that in the event of snapback, companies will be deterred from action in Iran. As a result, the more Iran reconnects its economy to the world, the more vulnerable it will be to snapback measures.