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US Treasury urges global vigilance against Iranian banks
Updated: Monday, October 05, 2009
Photographer: White House Photo
Timothy Geithner
10:00GMT—6:00AM/EST
Washington, 5 October (WashingtonTV)—US Treasury Secretary Timothy Geithner on Sunday urged the international community to closely watch transactions with Iran for signs of money laundering and terror financing.
Speaking at a meeting of the International Monetary Fund in Istanbul, Geithner also said that sanctions against Iranian banks should be implemented by all nations.
“We underscore our concerns over illicit finance emanating from Iran and the severe deficiencies in its regulatory regime,” Geithner said, according to the Gulf News website.
He said that countries should monitor links between their financial institutions and their Iranian counterparts, “including branches and subsidiaries abroad, and particularly with respect to Bank Saderat and Bank Melli,” reports AFP.
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http://televisionwashington.com/floa...n&t=3&id=14557
Updated: Monday, October 05, 2009
Photographer: White House Photo
Timothy Geithner
10:00GMT—6:00AM/EST
Washington, 5 October (WashingtonTV)—US Treasury Secretary Timothy Geithner on Sunday urged the international community to closely watch transactions with Iran for signs of money laundering and terror financing.
Speaking at a meeting of the International Monetary Fund in Istanbul, Geithner also said that sanctions against Iranian banks should be implemented by all nations.
“We underscore our concerns over illicit finance emanating from Iran and the severe deficiencies in its regulatory regime,” Geithner said, according to the Gulf News website.
He said that countries should monitor links between their financial institutions and their Iranian counterparts, “including branches and subsidiaries abroad, and particularly with respect to Bank Saderat and Bank Melli,” reports AFP.
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http://televisionwashington.com/floa...n&t=3&id=14557
I wonder if the decisions by Iran to change from the $ to the € in their FX reserves could be somehow connected to it ?
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