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US wants more pressure on Iranian banks
The US Treasury has urged the United Arab Emirates to keep a close eye on Iranian banks operating in the Persian Gulf financial hub. "There is a challenge in the (United Arab Emirates) especially because of deep commercial ties between the UAE and Iran," said Stuart Levey, US Treasury Undersecretary for Terrorism and Financial Intelligence on Wednesday. "These banks are an issue of concern and they are deserving of scrutiny because of their track record," Levey was quoted by Reuters as saying on Wednesday. He noted that the US's policy of sanctions against Iran would continue during the term of Democratic president-elect Barack Obama. "There's one area in US continuity -- rigorous enforcement of UN Security Council resolutions and protection of the international financial system," he said. The US official announced that Washington is discussing issues with the UAE which are important for Dubai if it is to become "a trusted financial center". Posted by: Fred 2008-11-20 |
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