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US sanctions: SWIFT network suspends Iran banks

AFP  |  Brussels 

The SWIFT network said Monday it has suspended "certain Iranian banks" from its services, after the US reimposed nuclear sanctions on

"In keeping with our mission of supporting the resilience and integrity of the global financial system as a global and neutral service provider, SWIFT is suspending certain Iranian banks' access to the messaging system," it said.

"This step, while regrettable, has been taken in the interest of the stability and integrity of the wider global financial system.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 20:30 IST