Should there be a partial lifting of some of the sanctions in effect against Iran, and you are a compliance officer at entity where public or pension funds are invested, you are reminded that many states have their own sanctions laws, and only a total lifting of US sanctions, and Iran's removal from the State Sponsors of Terrorism list, will apparently end those sanctions.
This is an obscure topic, to be sure, and if you work at an investment banking house, or some other financial entity that handles public or pension funds, you are urged to consult with your legal counsel regarding state laws that prohibit investing in companies that trade with Iran. Do not rely solely upon the chart depicted above; it is best to obtain a written opinion of counsel.
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