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SWIFT to disconnect from Central Bank of Iran as renewed sanctions kick in
The development comes as SWIFT announced that it is “suspending certain Iranian banks’ access to the messaging system” after U.S. sanctions were reimposed on Nov. 5.
With US sanctions in place, SWIFT suspends access to certain Iranian banks
The Belgium-based organization noted that “this step, while regrettable, has been taken in the interest of the stability and integrity of the wider global financial system.”