Sanctions keep Iran off US banks

A man stops at a Bank of America ATM in Washington, DC on February 5, 2014. Iran remains off limits to US banks despite the lifting of some US sanctions following the landmark Iranian nuclear deal. PHOTO | AFP

What you need to know:

  • Iran remains essentially off limits to US banks, despite the lifting of some US sanctions following the landmark Iranian nuclear deal.
  • They mostly cannot handle transactions for US and other companies involved in Iran, and the Iranian government and private entities cannot open accounts with US banks.
  • The sanctions still in place were imposed not over Iran’s nuclear programme but its record on terrorism and human rights.

NEW YORK, Sunday

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