India’s home ministry has refused to allow three Iranian banks to open branches on Indian soil because of concerns about money-laundering and terror financing, a report said on Friday.
Tag: banks
Iran Bans Banks From Sending Statements To ‘Foreign’ E-Mail Addresses
Iran’s minister of communications and information technology, Reza Taghipour, has sent a letter to the head of the country’s Central Bank, Mahmud Bahmani, asking him to instruct banks to refrain from sending bank statements to e-mail addresses administered by foreign providers.
Western Sanctions on Iranian Banks Make Trade Harder
The European Union’s expulsion of 30 sanctioned Iranian banks from a global financial messaging service last month has made it significantly harder for Iranians using those banks to do business with foreign partners.
Swift cuts off Iranian banks from its network
Swift, the Society of Worldwide Interbank Financial Telecommunications, has announced that it will no longer work with Iranian companies under EU sanctions.
Iran Banks Face Increasing Pressure From the West
Wall.Street.Journal—The Belgium-based organization central to the international banking system said it was preparing to ban blacklisted Iranian banks from using its financial communications and clearing systems, a move that will sharply intensify the West’s financial campaign against Tehran.
End To SWIFT Services For Iranian Banks
The global interbank transfer network SWIFT says it is prepared to discontinue services to Iranian financial institutions targeted by European Union sanctions.
Idle staff surf the net in London’s Iranian banks
LONDON (Reuters) – If it were not for the light blue Persian-lettered sign outside, you might mistake Bank Saderat for just another foreign bank operating in the City of London financial centre.