The New York State List for Iran Divestment Act of 2012

The New York State list for the Iran Divestment Act of 2012 includes companies that are prohibited from doing business with the state due to their investments in Iran. This act aims to prevent financial support to the Iranian government, particularly in sectors related to nuclear weapon development and terrorism.

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31 Entity in The New York State List for Iran Divestment Act of 2012
Entity NameEntity TypeEffective DateStatus

SKS Ventures

CompanyOct 15, 2024active

FAQs

Why is compliance with the The New York State List for Iran Divestment Act of 2012 necessary?

The New York State list for the Iran Divestment Act of 2012 is essential to ensure compliance with state laws that prohibit investments in certain Iranian entities. By adhering to this list, businesses protect themselves from legal repercussions and potential financial penalties. Moreover, compliance upholds the broader objectives of promoting human rights and curbing activities that threaten global stability. Acting in accordance with this list not only fosters ethical business practices but also strengthens state and national security efforts against hostile regimes.

Which companies should comply with The New York State List for Iran Divestment Act of 2012?

The New York State List for Iran Divestment Act of 2012 requires compliance from companies in sectors such as Finance, Energy, and Technology. Firms in these industries must ensure they do not engage in investments or business activities with entities linked to the Iranian government. Compliance is crucial to avoid legal repercussions and uphold ethical business practices.