Non-U.S. Banks Are Target of Recent Economic Actions by U.S. Government
The Banking Law Journal
May 2008
Danforth Newcomb
Recent actions against several non-U.S. banks by the U.S. government under economic sanctions and anti-money laundering laws have raised concerns in the international banking community. In light of the United Nations Security Council’s actions against Iran, international financial institutions may encounter additional obstacles, and could come under increased scrutiny, as a result of coordinated efforts to restrict certain Iranian entities from the international financial system.
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