Banking Transactions

EU steps to circumvent US sanctions are ‘weak’: Iranian official

TEHRAN, Sep. 17 (MNA) – Chairman of Iranian Parliament’s National Security and Foreign Policy Commission Heshmatollah Falahatpisheh has called the European Countries’ actions in circumventing US sanctions on Iran as ‘weak’.

Europe seeks to establish banking system with Iran

TEHRAN, Sep. 08 (MNA) – The Chair of the European parliament's group for relations with Iran has said that the European countries are looking for an independent financial system for banking cooperation with Iran.

Rouhani fails to convince Parl. on 4 out of 5 economic-related questions

TEHRAN, Aug. 28 (MNA) – Iranian lawmakers were not convinced by President Rouhani’s answers to four out of five questions about his government’s handling of the country’s economic situation.

Zarif says Iran still waiting for EU to guarantee oil sales, banking ties

TEHRAN, Aug. 25 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif says that the EU is expected to take some steps to save the nuclear deal including preserving Iran’s oil sales and its banking relations.

Top US banks won’t commit to ending Iranian financial access: report

TEHRAN, Aug. 25 (MNA) – Two top American financial institutions would not commit to cutting Iranian access to international financial markets as part of Trump's anti-Iran campaign, the Washington Free Beacon reported on Friday.

Official:

Iran, Italy continue banking transactions by ditching dollar

TEHRAN, Aug. 23 (MNA) – President of Iran-Italy Joint Chamber of Commerce said Thu. that the two countries will continue their banking transactions by ditching dollar in the face of US sanctions.

Iran-Kazakhstan transit potentials complementary: Pres. Rouhani

TEHRAN, Aug. 12 (MNA) – Iranian President Hassan Rouhani told Kazakh President Nursultan Nazarbayev on Sunday that the two countries should increase bilateral transit relations.

UniCredit CEO expects to reach agreement with US over Iran by year-end

TEHRAN, Aug. 08 (MNA) – Italy’s biggest bank UniCredit expects to reach a deal with the United States in a dispute over alleged sanctions violations in Iran in the coming months, its CEO said on Tuesday.

Deutsche Bank bans cash delivery to Iran

TEHRAN, Aug. 02 (MNA) – Germany’s Deutsche Bank passed a new financial policy on Wednesday which will prevent any money transfer to Iran in cash.

Envoy warns of outside attempts to return Iran to FATF blacklist

TEHRAN, Aug. 01 (MNA) – Iranian ambassador to UK said the US, Saudi Arabia, Argentina and Israel made a lot of efforts to return Iran to FATF blacklist at the last plenary session of the global financial watchdog in Paris.

Sanaei hails Iran-Russia banking relations

TEHRAN, Jul. 12 (MNA) – Iranian Ambassador to Moscow Mehdi Sanaei hailed the good banking relations between Iran and Russia, saying the necessary conditions have been made for further expansion of ties between the two sides.

Japan’s biggest bank to halt Iran-related transactions

TEHRAN, Jul. 12 (MNA) – Mitsubishi UFJ Financial Group Inc (MUFG), which is considered the biggest bank of Japan, will stop all transactions related to Iran in compliance with the re-imposing of US sanctions against Tehran, Reuters reported on Thursday.

Swiss bank BCP halts all new business with Iran: Reuters

TEHRAN, May 30 (MNA) – The Swiss BCP bank said on Tuesday that it has suspended new transactions with Iran after the US withdrawal from the nuclear deal.

Oil giant Total says EU efforts to keep company in Iran futile

TEHRAN, May 26 (MNA) – According to Total President and CEO Patrick Pouyanne, it is impossible to keep giants in Iran as big companies need to work with American banking system and Europe is unable to solve the problem.

Some German banks back Iran despite US threats

TEHRAN, May 23 (MNA) – Six credit unions in southern Germany are still processing payments to Iran, undaunted by the threats of Trump’s administration against Iran.

Croatian economy min.:

Removing banking barriers with Iran, priority of Europe’s private banks

TEHRAN, May 18 (MNA) – Croatian Minister of Economy Martina Dalić said that transfer of money to Iran is not prohibited within the framework of EU rules and regulations.

Iran-Croatia banking relations re-opened: deputy eco. min.

TEHRAN, May. 08 (MNA) – Mohammad Khazaei, Iranian Deputy Economy Minister and President of the Organization for Investment, Economic and Technical Assistance of Iran said that Iran and Croatia have re-established normal banking relations.

CBI governor:

Iran, Croatia to boost banking relations

TEHRAN, May. 07 (MNA) – Governor of the Central Bank of Iran (CBI) Valiollah Seif said that banking ties between Iran and Croatia will be expanded.

CBI governor:

Iran not concerned about US pullout from JCPOA

TEHRAN, Apr. 29 (MNA) – Central Bank of Iran (CBI) has predicted all scenarios in case of US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), the official title of nuclear deal.

Official urges removal of Iran’s name from FATF blacklist

TEHRAN, Apr. 29 (MNA) – Manager of the Central Bank of Iran (CBI) Ferdows Zare’ for Compliance Affairs pointed to tracking transactions in Society for Worldwide Interbank Financial Telecommunication (SWIFT) as pilot and said, “according to CBI instructions, banks are obliged to approve and notify the Compliance Charter in the highest level.”

CBI bans trading cryptocurrencies

TEHRAN, Apr. 22 (MNA) – The Central Bank of Iran (CBI) has issued instructions banning the country’s banking network and its related tools from trading all kinds of cryptocurrencies or digital currencies.

Lack of banking ties obstructing development of Iran-Brazil ties: Zarif

TEHRAN, Apr. 10 (MNA) – Iranian Foreign Minister Zarif, the addressed the opening of the Iran-Brazil Joint Trade Seminar in Brasilia on Tuesday and urged the Brazilian government and economy activist to remove banking obstacles.

Zarif:

Iran after all-out relations with Pakistan

TEHRAN, Mar. 12 (MNA) – Iran’s foreign minister said Iran seeks to have fully-fledged relations with Pakistan, adding it is waiting for Pakistan’s response.

Ares Bank of Spain posed to offer credit line to Iranian

TEHRAN, Feb. 27 (MNA) – The MD of Ares Bank of Spain announced on Tuesday the readiness of this bank for issuing a credit line of short-term finance between Iran and Spain.

Nonbanking order process for importing goods from 4 countries banned

TEHRAN, Feb. 8 (MNA) – In a directive issued by the First Vice President Es’hagh Jahangiri, order registration process for importing goods from four countries of India, South Korea, Turkey and China is possible only through opening Letter of Credit (L/C), draft and remittance, effective as of Jan. 30, 2018.

Demirbank license revoked, Kapital Bank to reimburse depositors

TEHRAN, Jan. 15 (MNA) – Iranian official announced that Demirbank license has been revoked since December 23, 2017 and the Azerbaijani Kapital Bank has been chosen as the substitute bank that will reimburse depositors.

Iran to probe into frozen bank accounts in China

TEHRAN, Jan. 06 (MNA) – Chairman of Tehran Chamber of Commerce Masoud Khansari said that the Chinese have declared money laundering to be the reason for closing the bank accounts of Iranians in China and announced that the problem will be discussed with the foreign minister in a meeting.

3 Russian banks open credit lines for Iran

TEHRAN, Jan. 02 (MNA) – Iranian Minister of Economic Affairs and Finance, Masoud Karbasian reassured that three Russian banks will provide Iranians with needed banking services, finance, and credit.

90% of Iranian ships sail under Iran flag after JCPOA

TEHRAN, Dec. 10 (MNA) – CEO of Iran Shipping Lines Group said Sun. that the implementation of JCPOA has made it possible for 90% of Iranian vessels to sail under Iran’s flag.