Iran C. Bank: No Reason to Curtail Services to Local Customers
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- “Any action that limits or halts the provision of services to Iranian individuals and institutions, citing U.S., EU sanctions or those of other countries or international institutions, has no basis within JCPOA and Iran’s other international obligations,” central bank says in statement, referring to nuclear deal.
Alert: HALISTER1- “All banks can act for all customers” in accordance w/ nation’s laws, terms of their own banking and business services
- NOTE: Central bank releases circular after conservative media criticized local banks for declining to provide FX services to Revolutionary Guard Corps-related companies, citing anti-money laundering laws adopted by Iran recently
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283