United States to cut Iran from global banking network Swift – U.S. Treasury

Source:Ahval News Date:03Nov2018

U.S. Treasury Secretary Steven Mnuchin said on Friday that Belgian-based financial messaging service SWIFT could be hit with U.S. sanctions if it provides services to Iranian financial institutions that Washington blacklists, AFP reported .

“SWIFT is no different than any other entity,” Mnuchin told reporters on a conference call. “We have advised SWIFT that it must disconnect any Iranian financial institutions that we designate as soon as technologically feasible to avoid sanctions exposure.”