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US moves to restrict Iran financing oil exports through banks
Iranian financial institutions would be ejected from global inter-banking system under US sanctions billBanking transactions with Iran and financing for its oil shipments could come under tougher scrutiny after a sanctions bill passed a key US Senate committee. The bill, if it becomes law, would direct the White House to press the Society for Worldwide Interbank Financial Telecommunication (Swift) to shut out Iran’s central bank and the country’s other financial institutions from the system used to move money between banks across the world.
published date:Fri, 03 Feb 2012 10:57:24 GMT