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Japanese banks MUFG, Mizuho to stop Iranian transactions

Reuters  |  TOKYO 

By Osamu Tsukimori and Taiga UranakaTOKYO (Reuters) - Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after President Donald Trump in May pulled out of a nuclear programme agreement with Tehran.Japan's biggest bank, Mitsubishi UFJ Financial Group Inc (MUFG), will halt all Iran transactions to comply with the reimposition of U.S. sanctions against Tehran later this year, according to a document seen by Reuters on Thursday.The banking unit of Mizuho Financial Group Inc said later on Thursday it would take the same ...

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First Published: Thu, July 12 2018. 16:18 IST