Iran sanctions
30 March 2026
Due to the conflict involving the United States, Israel, and Iran, it is important that all reporting entities remain aware of New Zealand’s current sanctions on Iran.
On 18 October 2025, New Zealand implemented “snapback” sanctions on Iran in accordance with our obligations under the United Nations Security Council. The United Nations Sanctions (Iran) Regulations 2025 introduce a range of obligations for any person in New Zealand, as well as New Zealand citizens and entities operating internationally, who are conducting or intending to conduct business with Iran.
In addition, on 1 February 2026, New Zealand introduced a compulsory registration scheme for all New Zealand persons and entities wishing to engage in business with Iran. Registration with the New Zealand Sanctions Unit within the Ministry of Foreign Affairs and Trade (MFAT) is required before any such business activity is undertaken.
All reporting entities should remain vigilant to any attempts by customers to circumvent Iran sanctions, including using intermediary jurisdictions or complex transaction structures with potential links to Iran. You are also reminded of your obligation to submit a Suspicious Activity Report (SAR) in relation to any activity or transaction suspected of being connected to sanctions circumvention or evasion.
Detailed Information about New Zealand’s Iran sanctions regime and the registration requirements is available here: MFAT Guidance note - Iran sanctions (MFAFT Website).
If you have any questions about the obligations or need to register with MFAT, please email: Sanctions@mfat.govt.nz
