Payments system SWIFT to expel Iranian banks Saturday
The world's biggest electronic payment system on Saturday will cut off in an attempt to further strangle Tehran's ability to finance a , which facilitates the bulk of global cross-border payments, said it would disconnect designated Iranian financial firms from its messaging system on Saturday at 1600 GMT after European regulators ordered the company to do so. "The EU decision forces SWIFT to take action," SWIFT Chief Executive Lazaro Campos said in a statement on Thursday. "Disconnecting banks is an extraordinary and unprecedented step for ...
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