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A project to expel Iran from the global financial "Swift" system
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A project to expel Iran from the global financial "Swift" system
by RamblerNash Sun Aug 26, 2018 11:23 pm
A project to expel Iran from the global financial "Swift" system
26-08-2018 11:47 PM
The Euphrates -
Sixteen members of the US Senate, their Treasury, have demanded that conditions be provided to expel Iran from Swift's global financial system because of its continued funding and support of terrorism.
In a letter to Senators Ted Cruz, Sen. Steve Quinn, the senators urged the US government to "take rapid and comprehensive measures to ensure the success of the US government's maximum pressure strategy to ensure that Iran is removed from Swift."
The financial system, known as Swift, is the abbreviation of the Belgium-based International Society for International Financial Communications, but its management consists of executives from US banks and federal agencies.
In their speech, the senators said that maximum pressure would not come to fruition against the Iranian regime unless it was removed from the SWIFT network because of its continued financial support to terrorist groups.
US law gives President Donald Trump the right to impose sanctions on financial service institutions such as Swift, which provides the central bank with services and other banks on the US sanctions list if it fails to comply with sanctions.
http://www.alforat.info/index.php?page=article&id=60073
26-08-2018 11:47 PM
The Euphrates -
Sixteen members of the US Senate, their Treasury, have demanded that conditions be provided to expel Iran from Swift's global financial system because of its continued funding and support of terrorism.
In a letter to Senators Ted Cruz, Sen. Steve Quinn, the senators urged the US government to "take rapid and comprehensive measures to ensure the success of the US government's maximum pressure strategy to ensure that Iran is removed from Swift."
The financial system, known as Swift, is the abbreviation of the Belgium-based International Society for International Financial Communications, but its management consists of executives from US banks and federal agencies.
In their speech, the senators said that maximum pressure would not come to fruition against the Iranian regime unless it was removed from the SWIFT network because of its continued financial support to terrorist groups.
US law gives President Donald Trump the right to impose sanctions on financial service institutions such as Swift, which provides the central bank with services and other banks on the US sanctions list if it fails to comply with sanctions.
http://www.alforat.info/index.php?page=article&id=60073
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