SWIFT
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Iran Launches SWIFT-Like System for Business with 10 States Using Local Currencies
The head of the Trade Promotion Organization of Iran (TPOI) said the country has established a SWIFT-like financial system to do business with a number of countries.
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Banks in Iran, Russia Connected via Non-SWIFT Financial Messaging Service
EghtesadOnline: Governor of the Central Bank of Iran says Iran and Russia have connected their financial messaging services to handle two-way banking transactions.
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Iran Humanitarian Trade Hangs in Balance Over SWIFT Uncertainty
EghtesadOnline: As the interbank messaging system SWIFT prepares to formally announce the names of Iranian banks that will be disconnected from its platform, it is not clear how the outside world…
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Iran Pursuing Options to SWIFT
EghtesadOnline: Governor of the central bank says if Iran is disconnected from the Belgium-based financial messaging service SWIFT (the Society for Worldwide Interbank Financial Telecommunications),…
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US Decision to Keep Iran in Swift Seen as a Compromise
EghtesadOnline: Sanctions on Iran’s banks, oil exports, ships and ports, lifted in 2015 as part of a nuclear weapons agreement that Trump abandoned in May, will be reimposed on Monday. But it…
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US Backing Down From Cutting Iran’s SWIFT Access
EghtesadOnline: Senior US State Department officials working on the Iran issue are said to have convinced Secretary of State Mike Pompeo to permit Iran to remain connected to the international…
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US Congress Hawks Worried Iran Might Preserve SWIFT Access
EghtesadOnline: As President Donald Trump prepares to re-impose a second batch of sanctions on Iran that had been eased under the 2015 nuclear deal, conservative US lawmakers and outside advisers…
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US Pushing SWIFT to Disconnect Iran
EghtesadOnline: US treasury secretary, Steven Mnuchin has announced that his agency is currently negotiating with the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global…
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Trump Tactic to Sanction Swift May Not Work
EghtesadOnline: The Trump administration abandoned the Iran nuclear deal this year and is reimposing sanctions. The sanctions leave western companies and banks with a stark choice. If they do…
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Europe Trying to Exempt Swift From Iran Sanctions
EghtesadOnline: As the reimpostion of the second round of US sanctions draw near, European finance ministers will try to persuade the Trump administration not to cut off Iran’s access to Swift,…
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US Pressure on Iran to Facilitate SWIFT Alternative
EghtesadOnline: A group of US lawmakers have urged the US Treasury Department to cut off Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
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Europe Looks to Bypass Iran Payment Embargo
EghtesadOnline: Europe should look to bypass US payment systems by creating its own financial channels on the lines of a European monetary fund and international bank transfer system like SWIFT,…
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Top US Banks Against Iran SWIFT Embargo
EghtesadOnline: T wo top American financial institutions would not commit to cutting Iranian access to international financial markets, a cornerstone of the new anti-Iran sanctions of US President…
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Hacker documents show NSA tools for breaching global money transfer system
EghtesadOnline: Documents and computer files released by hackers provide a blueprint for how the U.S. National Security Agency likely used weaknesses in commercially available software to gain…
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SWIFT discloses more cyber thefts, pressures banks on security
EghtesadOnline: SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after…