UANI Applauds Treasury for Enforcing Sanctions on JPMorgan, Calls on Banks to Cease Doing Business in Iran

August 26, 2011

FOR IMMEDIATE RELEASE
August 26, 2011
Contact: Nathan Carleton, [email protected]
Phone: (212) 554-3296   

  

UANI Applauds Treasury for Enforcing Sanctions on JPMorgan, Calls on Banks to Cease Doing Business in Iran

 

New York, NY - On Friday, United Against Nuclear Iran (UANI) applauded the U.S. Treasury Department for fining JPMorgan, following JPMorgan's violation of sanctions against Iran and other nations.

 

Treasury's $88.3 million fine against JPMorgan follows an illegal loan JPMorgan made involving an Iran Shipping Lines vessel, in violation of U.S. sanctions. 


Said UANI President, Ambassador Mark D. Wallace:

 

Treasury's decision to fine JPMorgan sends a strong and correct message to banks and other companies that do business in Iran. There is no justification for doing business in Iran, and companies that do are risking economic harm and damaged reputations.

 

UANI calls on banks in America and throughout the world to refrain from investing in Iran until the Iranian regime ends its quest for nuclear weapons. By continuing to economically isolate Iran, the world can show the regime that changing course is in its best interest.

 

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