IRAN
 
SWIFT Denies Knowledge Of Iran Sanctions Busting
 
Almost a year since Iranian banks were cut off from the SWIFT electronic payment system, recent reports have suggested that they have been trying to circumvent these sanctions. SWIFT, which operates the world’s biggest payment platform covering over 10,000 financial institutions across 210 countries, made the disconnect on 17 March 2012 after an EU Council decision prohibited provision of financial...