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Source: https://www.ft.com/content/8f16f8aa-e104-11e8-8e70-5e22a430c1ad
SWIFT to Comply with U.S. Sanctions on Iran in Blow to EU
(Financial Times-UK) Michael Peel - SWIFT, the international financial messaging system, said Monday it will comply with restored U.S. sanctions on Iran, in a blow to EU efforts to defy Washington's action. Belgian-based SWIFT said: "In keeping with our mission of supporting the resilience and integrity of the global financial system as a global and neutral service provider, SWIFT is suspending certain Iranian banks' access to the messaging system. This step, while regrettable, has been taken in the interest of the stability and integrity of the wider global financial system."