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- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
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- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
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- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
- Zarif says to meet French president Friday
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- Iran warns US against seizure of oil tanker
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- Iran deplores suicide attack at Kabul wedding hall
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- Zarif meets with Iran-Kuwait Friendship Group members
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- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
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- Iranian scientist discovers new state of matter
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- Spokesman rejects claim on Iran’s commitment in exchange for tanker release
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- Israel, UAE engaged in secret talks on Iran arranged by US: Report
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- Gibraltar releases Iran-operated tanker despite US pressure
TEHRAN, November 06 - The Belgium-based SWIFT financial messaging service said it is suspending some unspecified Iranian banks’ access to its messaging system following the US resumption of sanctions on Iran.
TEHRAN, Young Journalists Club (YJC) - In a brief statement on Monday, SWIFT made no mention of US sanctions coming back into effect on some Iranian financial institutions. It said suspending the Iranian banks access to the messaging system was a “regrettable” step but was “taken in the interest of the stability and integrity of the wider global financial system,” Reuters reported
SWIFT’s decision not to mention the US sanctions likely reflects the fact that it is caught between two contrary regulatory demands.
The US government has told SWIFT that it is expected to comply with US sanctions and it could face US sanctions if it fails to do so. On the other hand, SWIFT is barred from doing so under the European Union’s blocking statute, which could subject it to European penalties for complying with US law.
Source: Tasnim
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