UANI Applauds UAE and Qatar Central Banks for Restricting Finances to Iran, Renews Call on SWIFT

February 3, 2012

FOR IMMEDIATE RELEASE
February 3, 2012
Contact: Nathan Carleton, [email protected]
Phone: (212) 554-3296    

UANI Applauds UAE and Qatar Central Banks for Restricting Finances to Iran, Renews Call on SWIFT

New York, NY - United Against Nuclear Iran (UANI) President, Ambassador Mark D. Wallace, issued the following statement Friday regarding the actions of the Central Banks of UAE and Qatar to stop financing trade with Iran:

We applaud these Central Banks for their responsible decisions to stop financing trade with Iran. This is yet another example of the international community exercising economic responsibility with regards to Iran.

It is particularly glaring that this responsible action would be reported just as the Belgium-based SWIFT organization insists on continuing to improperly provide the means for Iranian banks to access the international financial system. SWIFT must adhere to U.S. and EU sanctions, by terminating its relationships with Iranian banks and institutions.

On Monday, January 30, UANI submitted a detailed legal explanation to SWIFT, international banking and regulatory officials, and U.S. lawmakers, showing how SWIFT is in violation of U.S. and EU sanctions by affording Iranian banks BICs and access to the SWIFT system. Yesterday UANI issued a statement, after SWIFT responded to UANI on its own website.

Click here to read UANI's full letter to SWIFT.
Click here to send a message to SWIFT.

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