EU to Ban Iran Banks From Financial Network
The Wall Street Journal
14-Feb-2012

The European Union is moving to ban blacklisted Iranian entities from using a Belgium-based financial communications and clearing system in a move that will drastically cut Tehran's ability to conduct global financial transactions, according to senior U.S. and European officials.

The system, known as the Society for Worldwide Interbank Financial Telecommunication, or Swift, oversees the network used by virtually all the world's largest banks to conduct financial wire transfers...........

>>>
recommended by DemocracyQuest

Share/Save/Bookmark