For many sanctions compliance officers globally, doing business with Iran is like tiptoeing through a mine field, taking care not to step on the United States’ ever-increasing sector-wide sanctions while simultaneously being cautious of conflicting statutes elsewhere in the world.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...