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US presses EU to close SWIFT network to Iran

Posted By admin On February 17, 2012 @ 4:34 am In World News | Comments Disabled

AFP [1]
February 17, 2012

The United States is urging the European Union to block Iranian banks’ access to SWIFT, the global interbank transfer network, to step up pressure on Tehran, a US official said Thursday.

The US Treasury’s sanctions chief David Cohen raised the issue in talks in Brussels earlier this month, the official said, as Washington, Europe and their allies seek to isolate Iran to force it to halt its alleged nuclear weapons program.

“While there he discussed the issue of SWIFT providing services to designated Iranian banks and urged the EU to take action on the issue,” said the official, who spoke on condition of anonymity.

Belgium-based SWIFT — the Society for Worldwide Interbank Financial Telecommunication — is a cooperative of more than 9,000 financial institutions that serves as the main conduit for inter-bank transactions around the world.

Full article here [1]


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[1] AFP: http://www.iranfocus.com/en/index.php?option=com_content&view=article&id=24629:us-presses-eu-to-close-swift-network-to-iran&catid=4:iran-general&Itemid=26

[2] Payments system SWIFT to cut off Iranian banks: http://www.prisonplanet.com/payments-system-swift-to-cut-off-iranian-banks.html

[3] To Isolate Iran, U.S. Presses Inspectors on Nuclear Data: http://www.prisonplanet.com/to-isolate-iran-u-s-presses-inspectors-on-nuclear-data.html

[4] US fears Iran weeks from producing 20% enriched uranium: http://www.prisonplanet.com/us-fears-iran-weeks-from-producing-20-enriched-uranium.html

[5] Sources close to Pentagon say US attack on Iran before elections would not hurt Obama’s chances: http://www.prisonplanet.com/sources-close-to-pentagon-say-us-attack-on-iran-before-elections-would-not-hurt-obamas-chances.html

[6] Taylor Swift’s Dirty Little Secret Will Make You Sick: http://www.prisonplanet.com/taylor-swifts-dirty-little-secret-will-make-you-sick.html

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