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Banking’s SWIFT says ready to block Iran transactions

Banking’s SWIFT says ready to block Iran transactions

Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.

February 19, 2012 10:09
 
Banking’s Swift Says Ready To Block Iran Transactions

Banking’s Swift Says Ready To Block Iran Transactions

SWIFT says awaits clarity regarding EU legislation; U.S. says will continue to pressure EU on SWIFT; SWIFT general counsel to meet US lawmakers next week

February 18, 2012 12:59