The Belgium-based SWIFT financial messaging service will be
disconnecting some Iranian banks this weekend, said SWIFT chief
executive Gottfried Leibbrandt at an event in Paris on Friday.
Earlier this week, SWIFT had already stated that it would be suspending
some unspecified Iranian banks’ access to its messaging system in the
interest of the stability and integrity of the global financial system.
In a brief statement issued earlier this week, SWIFT had made no mention
of US sanctions coming back into effect on some Iranian financial
institutions on Monday, as part of US President Donald Trump’s effort to
force Iran to curtail its nuclear, missile and regional activities.
SWIFT’s statement on Nov. 5 said that suspending the Iranian banks
access to the messaging system was a “regrettable step” but was “taken
in the interest of the stability and integrity of the wider global
financial system.”
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