Japan's Biggest Bank Freezes Transactions With Iran
-Japan's largest bank, Bank of Tokyo-Mitsubishi UFJ, said Thursday it has frozen financial transactions with Iran's government and central bank after the New York District Court ordered it to freeze assets held by Tehran as part of a long-running court case stemming from the 1983 bombing of a U.S. Marine base in Lebanon. The move by Bank of Tokyo-Mitsubishi UFJ, which settles most of Japan's transactions for Iranian oil, is unrelated to the U.S. government's sanctions against Tehran, but Japanese officials say it could have a similar ...
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